Sri Mulyani Announces Rp104.2T APBN Deficit by March 2025
Indonesia’s state Budget Deficit Reaches Rp 104.2 Trillion in March 2025
Table of Contents
- Indonesia’s state Budget Deficit Reaches Rp 104.2 Trillion in March 2025
- Indonesia’s State Budget Deficit in March 2025: Yoru Questions Answered
- What is the current state of Indonesia’s budget deficit?
- how does this deficit compare to the government’s target?
- What are the main drivers behind the deficit?
- What did Finance Minister Sri Mulyani Indrawati say about the deficit?
- What are the key components of Indonesia’s state revenue?
- What specific types of tax revenue contributed to the deficit?
- Where is the state expenditure allocated?
- What makes up central government spending?
- Was there any positive news regarding the budget?
- What are the main components and their values?
- How is the deficit being financed?
Jakarta - Indonesia’s state budget (APBN) experienced a deficit of Rp 104.2 trillion by the end of March 2025, according to government data.This figure represents 0.43% of the nation’s Gross Domestic Product (GDP).
The deficit accounts for approximately 16.9% of the government’s targeted deficit of Rp 616.2 trillion for the entire year,which is equivalent to 2.53% of GDP.
Speaking at an economic workshop in Jakarta on Tuesday, April 8, 2025, Finance Minister Sri Mulyani Indrawati stated, “We will continue to maintain the state budget, especially debt and deficit, permanently and transparently.”
the deficit stems from state revenue of Rp 516.1 trillion, which is 17.2% of the year’s target of Rp 3,005.1 trillion, and state expenditure of Rp 620.3 trillion, representing 17.1% of the targeted Rp 3,621.3 trillion.
A breakdown of state revenue reveals tax revenue contributing Rp 400.1 trillion, or 16.1% of the 2025 target of Rp 2,490.9 trillion. Non-Tax State Revenue (PNBP) amounted to Rp 115.9 trillion,fulfilling 22.6% of the Rp 513.6 trillion target.
Within the tax revenue category, tax revenue specifically totaled Rp 322.6 trillion by the end of March 2025, which is 14.7% of the Rp 2,189.3 trillion target. Customs and excise duties contributed Rp 77.5 trillion, equivalent to 25.7% of the Rp 301.6 trillion target.
State spending, totaling Rp 620.3 trillion, comprises central government spending of Rp 413.2 trillion (15.3% of the Rp 2,701.4 trillion target) and transfers to regional governments amounting to Rp 207.1 trillion (22.5% of the Rp 919.9 trillion target).
Central government spending includes Rp 196.1 trillion in ministry/agency (K/L) spending, representing 16.9% of the Rp 1,160.1 trillion ceiling, and Rp 217.1 trillion in non-K/L spending, equivalent to 14.1% of the Rp 1,541.4 trillion target.
Despite the overall deficit,the primary balance recorded a surplus of rp 17.5 trillion as of March 2025. This represents a decrease of 27.7% from the primary balance deficit target of Rp 63.3 trillion.
Budget financing realization reached Rp 250 trillion by the end of March 2025, fulfilling 40.6% of the planned Rp 616.2 trillion deficit financing outlined in the 2025 APBN.
Indonesia’s State Budget Deficit in March 2025: Yoru Questions Answered
What is the current state of Indonesia’s budget deficit?
According to government data,Indonesia’s state budget (APBN) recorded a deficit of Rp 104.2 trillion by the end of March 2025. this represents 0.43% of the nation’s Gross Domestic Product (GDP).
how does this deficit compare to the government’s target?
The March 2025 deficit accounts for approximately 16.9% of the government’s overall targeted deficit of rp 616.2 trillion for the entire year. this annual target is equal to 2.53% of the GDP.
What are the main drivers behind the deficit?
The deficit stems from the difference between state revenue and state expenditure.State revenue for March 2025 reached Rp 516.1 trillion,which is 17.2% of the year’s target. State expenditure was Rp 620.3 trillion,representing 17.1% of its annual target.
What did Finance Minister Sri Mulyani Indrawati say about the deficit?
Speaking at an economic workshop in Jakarta on april 8, 2025, Finance Minister Sri Mulyani Indrawati stated, “We will continue to maintain the state budget, especially debt and deficit, permanently and transparently.”
What are the key components of Indonesia’s state revenue?
State revenue is comprised of:
Tax Revenue: Rp 400.1 trillion (16.1% of the Rp 2,490.9 trillion target for 2025)
Non-Tax State Revenue (PNBP): Rp 115.9 trillion (22.6% of the Rp 513.6 trillion target)
What specific types of tax revenue contributed to the deficit?
Within the tax revenue category:
Tax revenue specifically totaled Rp 322.6 trillion by the end of March 2025 (14.7% of the Rp 2,189.3 trillion target).
Customs and excise duties contributed Rp 77.5 trillion (25.7% of the Rp 301.6 trillion target).
Where is the state expenditure allocated?
State spending, totaling Rp 620.3 trillion, is divided into:
Central government spending: Rp 413.2 trillion (15.3% of the Rp 2,701.4 trillion target)
Transfers to regional governments: Rp 207.1 trillion (22.5% of the Rp 919.9 trillion target)
What makes up central government spending?
Central government spending includes:
Ministry/agency (K/L) spending: Rp 196.1 trillion (16.9% of the Rp 1,160.1 trillion ceiling)
Non-K/L spending: Rp 217.1 trillion (14.1% of the rp 1,541.4 trillion target)
Was there any positive news regarding the budget?
Yes, despite the overall deficit, the primary balance recorded a surplus of Rp 17.5 trillion as of March 2025.
What are the main components and their values?
Here’s a summary of key figures in the March 2025 budget:
| Category | Amount (Trillion Rupiah) | Percentage of Target |
|---|---|---|
| Deficit | 104.2 | 0.43% of GDP |
| State Revenue | 516.1 | 17.2% |
| Tax Revenue | 400.1 | 16.1% |
| PNBP | 115.9 | 22.6% |
| state Expenditure | 620.3 | 17.1% |
| Primary Balance | 17.5 (Surplus) | N/A |
| Budget Financing Realization | 250 | 40.6% |
How is the deficit being financed?
Budget financing realization reached Rp 250 trillion by the end of March 2025,fulfilling 40.6% of the planned Rp 616.2 trillion deficit financing outlined in the 2025 APBN.