State Budget 2022 Is Still Remaining Rp 1200 Trillion

state budget

The State Revenue and Expenditure Budget (APBN) in the last two months of 2022 still has Rp 1,200 trillion remaining. The government has only realized a state budget of Rp. 1,913.9 trillion, or 61.6%, absorbed as of September 30, 2022.

This was conveyed by the Minister of Finance Sri Mulyani. She said that at the end of 2022, from the ceiling of state spending in presidential decree 98/2022 of IDR 3,106.4 trillion, the government had only realized 61.6% of spending until September 30, 2022.

This means that the government still has room for spending up to Rp 1,192.5 trillion. In the presentation of the results of the KSSK meeting, Minister of Finance Sri Mulyani is optimistic that the remaining budget of the 2022 State Budget, which is Rp. 1,192.5 trillion, can be realized.

Sri Mulyani said that to maintain the momentum of recovery in the aggregate, the momentum of APBN spending was very strong. He insisted that 40% of the budget allocation will be executed in the last quarter.

“It will add a very significant aggregate demand,” Sri Mulyani explained at the KSSK press conference, quoted Friday (11/4/2022).

Sri Mulyani’s optimism is indicated by the large allocation of state spending. For example, said Sri Mulyani, the Ministry of Finance has paid all compensation to PT Pertamina (Persero) and PT PLN (Persero) amounting to Rp 163 trillion.

As for the payment of compensation for Quarter III-2022, it will certainly be carried out as soon as the Financial and Development Supervisory Agency (BPKP) finishes conducting an audit.

In addition, the government will also distribute social assistance until the end of the year.

“Specific measures such as maintaining people’s purchasing power and providing social assistance will continue to be executed,” Sri Mulyani explained.

Meanwhile, Head of the Fiscal Policy Agency (BKF) Febrio Kacaribu assessed that the remaining Rp 1,200 trillion in state spending did not mean that it had to be spent or spent.

The reason is that spending that much money at the end of the year is a challenge in itself, according to the government.

“This means that if we do have spending that has not been absorbed, we make sure that it is absorbed with quality, not then we have to spend a lot of money,” explained Febrio.

On the other hand, the 2014-2016 Minister of Finance Bambang P.S. Brodjonegoro believes that the government must save money during the threat of the global debt crisis looming over emerging markets. One of the keys is to reduce foreign debt.

He saw that the expenditure of the Ministries and Institutions (K/L) of Rp. 1,200 trillion, which had to be absorbed in the last 2 months of this year, was left as much as possible.