JAKARTA, Jun 18 (NNN-ANTARA) – Indonesian Minister of Finance, Sri Mulyani Indrawati, announced yesterday that, the country’s state revenue and expenditure budget (APBN), as of May this year, had experienced a deficit of 21 trillion rupiahs (1.2 billion U.S. dollars).
This figure is equivalent to 0.09 percent of the Gross Domestic Product.
“This state budget deficit means that, the state’s income is smaller than its expenditure. The realisation of state revenue until May, this year, reached 995.3 trillion rupiahs, or 33.1 percent of our target, while realised state expenditure amounted to 1,016.3 trillion rupiahs, or 28.1 percent of the target,” Indrawati told a press conference, at her office in Jakarta.
She said, the state revenue was collected from tax revenue, customs and excise, as well as, non-tax state revenue.
“The APBN deficit is designed to act as a counter-cyclical tool, so that economic pressure and weakness can be mitigated by the state budget, preventing the slowdown from having a significant impact on the economy and people’s income,” she said.– NNN-ANTARA
