Indonesia recorded deficit 1.79% in nine months

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JAKARTA (TheInsiderStories) – Indonesia recorded deficit 1.79 percent of gross domestic products (GDP) or equal with Rp224.3 trillion in nine months of 2016, said finance minister at the hearing with parliament on Wednesday. This year, the government estimate budget deficit around 2.7 percent or Rp296.7 trillion in the Revise Budget for 2016.

Finance Minister Sri Mulyani Indrawati explained, until September, the government revenues recorded Rp 1,801.2 trillion or 60.2 percent of this year target Rp 1,786.23 trillion comes from tax revenues Rp 896.1 trillion (58.2 percent of target Rp 1,503.30 trillion) and non-tax revenues Rp 183.8 trillion (75 percent of target Rp 245.08 trillion).

On the spending side, government has disburshed Rp 1,306.7 trillion or 59 percent of the target Rp 2,082.95 trillion in this year.

“On the tax and custom revenues side, there is a wary the realization will under perform in 2016. We should be taken awareness in the last three months of this year to anticipate the risks to the State Budget,” She said.

To anticipate the worse realization of the State Budget, Sri Mulyani said, government has pocketed funds from bond issuance and will use the financing budget surplus (SILPA) with worth Rp167.6 trillion as of end Sept. 2016.

She elaborate more, Indonesia economy grow 5.04 percent of GDP in nine months of 2016 and sees by the end of this year ended in the range 5.0 to 5.1 percent of GDP. Inflation 3.07 percent, oil price US$38/barrel, oil lifting over than 826 barrel oil per day and gas lifting 1,198 million metric british thermal unit.

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Source: The Insiderstories
Indonesia recorded deficit 1.79% in nine months

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