Indonesia's COVID-19 Vaccination and Economic Resilience Strategy
2023 Government Budget To Increase Productivity And Respond To Risks Of
Global Economic Uncertainty
The budget deficit is back below 3 percent and for the first time the tax target is above IDR 2 thousand trillion
2020
2021
5.1
5.0
5.0
5.2
5.3
Account
(IDR T)
Audited
Audited Budget
3.7
State Revenue*
Tax Revenue
1,647.8
1,285.1
2,011.4 1,846.1
1,547.9 1,510.0
2022
Perpres
98/2022
2,266.2
1,784.0
2023
Outlook Budget
Growth*
(%)
2,436.9 2,463.6
1.1
1,924.9 2,021.2
5.0
-1.8
-2.2
-2.5
-2.8
Non Tax
Revenue
343.8
458.5
335.6
481.6
510.9
441.4
(13.6)
(269.4
-4.6
O
-2.1
)
(341.0)
(348.7)
State
Expenditure
2,595.5 2,786.4
2,714.2
3,106.4
3,169.1
3,061.2
(3.4)
Central
2017
2018
2019
-6.1
(775.1) (732.2)
(947.7)
2020
2021
2022 Outlook
2023 Budget
(598.2)
Government
1,833.0 2,000.7
1,944.5
2,301.6
2,370.0 2,246.5
(5.2)
Expenditure
Regional
Transfer &
762.5
785.7
769.6
804.8
799.1
814.7
2.0
Village Funds
Primary
(633.6)
(431.6)
(462.2)
(434.4) (328.4)
(156.8)
(52.3)
Balance
Surplus (Deficit)
(947.7)
(775.1)
(868.0)
(840.8) (732.2) (598.2)
(18.3)
Deficit (IDR Triliun)
Economic Growth (%)
-Deficit to GDP (%)
% to GDP
(6.14)
(4.57)
(4.85)
(4.50)
(3.92) (2.84)
Financing
1,193.3
871.7
868.0
840.2
732.2
598.2
(18.3)
Economic Growth
Inflation
Exchange Rate
10Y T-Bonds Rate
5.3%
3.6%
IDR 14,800/USD
7.9%
ICP
90
USD/Barrel
Oil Lifting
660
Thousand bpd
Gas Lifting
1,100
million bpd
Source: Ministry of Finance
Note: *% Growth of 2022 Budget Outlook
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