March 24, 2021 | Invest Indonesia

State Spending Increased 1.2 Percent as of February 2021: Mulyani

Source from: Antara News

Original News HERE

Minister of Finance (Menkeu) Sri Mulyani Indrawati highlighted a growth of 1.2 percent year-on-year (yoy) in state spending, as of February 2021, to reach Rp282.7 trillion, from Rp279.4 trillion during the corresponding period in 2020.

The realization of Rp282.7 trillion was 10.3 percent of the APBN target of Rp2,750 trillion.

“It is a little lower in terms of the growth of 2.8 percent (last year), but the level was higher, as last year, we had spent Rp279.4 trillion, and this year, Rp282.7 trillion,” the minister noted at the KiTA National Budget Press Conference held virtually here on Tuesday.

Of the total expenditure, the central government’s spending reached Rp179.7 trillion, or 9.2 percent of the targeted Rp1,954.5 trillion, comprising ministers and institutions (K/L) expenditure of Rp97 trillion and non-K/L expenditure of Rp82.7 trillion.

The K/L expenditure reached 9.4 percent of the target of Rp1,032 trillion, while the realization of non-K/L expenditure was nine percent of the target of Rp922.6 trillion.

The K/L expenditure comprised personnel expenditure of Rp29.2 trillion, or 10.9 percent of the targeted Rp268 trillion but contracted 0.8 percent (yoy) from Rp29.4 trillion in February 2020.

Goods expenditure reached Rp18.2 trillion, or five percent of the target of Rp360.8 trillion, or an increase of 13.5 percent yoy, from Rp16 trillion in February 2020, owing to vaccinations being rolled out.

Realized capital expenditure stood at Rp22.8 trillion, or an increase of 253 percent as compared to Rp6.5 trillion in February 2020, and 9.3 percent of the target of Rp246.8 trillion, spent for further basic infrastructure and connectivity infrastructure projects.

Spending for social assistance was recorded at Rp26.8 trillion, or a 16-percent contraction yoy as compared to Rp31.9 trillion during the corresponding period last year, though it constituted 17.1 percent of the targeted Rp156.4 trillion.

Meanwhile, realized non-K/L expenditure reached Rp82.7 trillion, an increase of 6.1 percent from the corresponding period last year that was recorded at Rp77.9 trillion and nine percent of the target of Rp922.6 trillion.

Furthermore, state spending is supported by the realization of Transfers to Regions and Village Funds (TKDD), specifically Rp103 trillion or 13 percent of the target of Rp795.5 trillion.

The realization of TKDD comprised transfers to regions reaching Rp99.2 trillion and village funds amounting to Rp3.8 trillion.

Reporter: Astrid FH, Fardah
Editor: Rahmad Nasution