State budget grows positively in january: Finance minister

Human Rights

Jakarta (ANTARA News) – The realization of the state budget showed a positive trend in January 2018 as was reflected by the improving performance of state revenues and expenditures, Finance Minister Sri Mulyani Indrawati stated.

“As of January 31, 2018, the state budget has shown a positive growth and has raised optimism about achieving better performance,” Mulyani remarked in a press conference here on Tuesday.

State revenues amounted to Rp101.4 trillion in the year ending January 31, 2018, accounting for 14.7 percent of the realized state revenues in the same period last year, she remarked.

State revenues in January 2018 were derived from tax receipts worth Rp82.5 trillion, up 11.8 percent from Rp74 trillion in the same period of last year, she noted.

“The realization of state revenues was fueled by growing revenues from income tax on oil/gas, non-oil/non gas commodities, luxury sale tax, customs and excise revenues,” he pointed out.

Meanwhile, the realization of state expenditures reached Rp138.4 trillion, or 6.2 percent of the ceiling of the 2018 state budget, at Rp2,220.7 trillion, up 3.9 percent as compared to the same period last year.

The state expenditures were derived from the central governments spending worth Rp63.8 trillion, representing a 10.7 percent increase as compared to Rp57.6 trillion in the same period last year.

The central governments spending comprised ministries spending worth Rp19.7 trillion and non-ministerial government institutions spending worth Rp44.1 trillion.

With the realization of the state budget in January 2018, the budget deficit was recorded at Rp37.1 trillion, or 0.25 percent of the national gross domestic product, or lower than that of the same period last year, at Rp44.9 trillion, or 0.33 percent of the gross domestic product.

Source: ANTARA News