The 2021 budget deficit remains under control at a level of 4.57% of GDP (gross national domestic product)
Jakarta (ANTARA) – State revenue achievement in 2021 exceeded the 100% target for the first time in the past 12 years, Finance Minister Sri Mulyani has said.
The achievement of state revenue in 2021 exceeded Rs 2,011.3 trillion, which is 115.35% of the target set in the 2021 state budget, she noted at the meeting. an online plenary meeting with the House of Representatives (DPR) accessible from Jakarta on Thursday.
Sri Mulyani remarked that the realization of state revenue in 2021 has also increased by 22.06% from the previous year.
State revenue in 2021 comprised Rp 1,547.8 trillion from taxes, Rp 458.5 trillion from non-tax state revenue and Rp 5 trillion from grants.
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Tax revenue in 2021 reached 107.15% of the target set in the state budget and returned to the pre-pandemic level of 1,546.1 trillion rupees recorded in 2019, she noted. .
The Minister further noted that the state expenditure for 2021 has reached Rs 2,786.4 trillion which is 101.32% of the target set in the state budget.
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State expenditure comprised central government expenditure worth Rs 2,000.7 trillion and transfer to regions and village funds amounting to Rs 785.7 trillion.
With state revenue reaching 2,011.3 trillion rupees and state expenditure exceeding 2,786.4 trillion rupees, the budget deficit reached 775.06 trillion rupees in 2021.
“The 2021 budget deficit remains under control at a level of 4.57% of GDP (gross national domestic product),” she said.
Besides, the budget deficit is also below the 5.70 percent target set in the 2021 state budget, she noted.
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