ECONOMY & BUSINESS

State budget records deficit of Rp237.7 trillion

The state budget (APBN) has recorded a deficit of Rp237.7 trillion, equivalent to 1.22 percent of
the national gross domestic product (GDP), as of December 14, 2022, Finance Minister Sri
Mulyani Indrawati has informed. The deficit is far smaller than the target of Rp840.2 trillion, or
4.5 percent of the GDP, for this year and the deficit of Rp817.4 trillion, or 3.4 percent of the
GDP, recorded in the same period last year, she noted at an online press conference on APBN
KITA (Our Budget) in Jakarta on Tuesday. "This deficit suggests that the state budget returns to
healthy," she said. The deficit has run on the right track along with the state budget, which has
grown significantly. State spending reached Rp2,717.6 trillion while state revenues stood at
Rp2,579.9 trillion as of December 14, she added. State spending rose 11.9 percent year-on-year
compared to the same period last year when the figure was recorded at Rp2,429.4 trillion. The
spending comprised the central government's