APBN Defisit Lagi, Pemerintah Pastikan Fiskal RI Masih Sehat

Summary

The Indonesian government's 2022 state budget (APBN) has proven resilient amid global challenges, with strong economic growth exceeding 5% for four consecutive quarters. The budget has played a key role as a 'shock absorber' against rising commodity and energy prices, maintaining low inflation under 6%. Government spending, particularly in education, healthcare, public services, and infrastructure, continues to drive economic growth. Fiscal risks remain under control, with a lower-than-expected budget deficit of 0.91% of GDP, signaling a positive outlook for the future and effective management of economic uncertainties.

Takeaways

• 😀 The Indonesian government's budget (APBN) is performing well, with economic growth consistently above 5% for four consecutive quarters.
• 😀 Economic growth reached 5.72% in Q3, showcasing strong economic recovery.
• 😀 The APBN supports key sectors such as education, healthcare, public services, and infrastructure, contributing to ongoing economic growth.
• 😀 The APBN acted as a shock absorber during 2022, cushioning the impact of high commodity prices and inflation.
• 😀 Despite global inflation challenges, Indonesia has successfully maintained low inflation, keeping it under 6%.
• 😀 The APBN not only supports economic growth but also focuses on achieving high-quality growth by reducing poverty, unemployment, and inequality.
• 😀 State revenues have grown significantly, with tax revenues increasing by 47% year on year, while government spending has risen by 14.2%.
• 😀 The fiscal deficit remains controlled, currently at 0.91% of GDP, significantly lower than initial projections.
• 😀 The government had initially forecasted a higher deficit for 2022, but the actual outcome is much better, with the deficit now at 0.91%.
• 😀 The government plans to continue consolidating the APBN and aims for a deficit of below 3% of GDP, with the 2023 target set at 2.84%, signaling fiscal health moving forward.

Q & A

How is Indonesia's APBN performing compared to other countries?

Indonesia's APBN (State Budget) is performing relatively well, especially when compared to other countries. The country has managed to maintain inflation rates below 6%, even while global inflation remains high. This is due to strong efforts from both the central and regional governments, as well as the active role of the public in managing inflation.

What is the economic growth rate in Indonesia as per the latest data?

Indonesia's economy has been growing consistently at over 5% for four consecutive quarters. The third quarter recorded an even higher growth rate of 5.72%, showing strong economic momentum.

What role does the APBN play in Indonesia's economy?

The APBN serves as a 'shock absorber' in Indonesia's economy. It helps manage external shocks, such as high commodity prices, by allocating funds for critical sectors like education, healthcare, public services, and infrastructure. This supports overall economic growth while mitigating inflation and poverty.

How has the APBN helped reduce poverty and unemployment in Indonesia?

The APBN has contributed to reducing poverty and unemployment by ensuring that government spending is directed at critical sectors that drive job creation and public welfare. The fiscal policies implemented have also helped lower poverty rates and improve employment outcomes.

What has been Indonesia's inflation rate in comparison to other countries?

Indonesia has managed to keep its inflation rate relatively low, particularly when compared to many other countries where inflation has risen above 10%. Despite global inflationary pressures, Indonesia's inflation has remained below 6%.

How has the government balanced fiscal risk and budget management in recent years?

The government has kept fiscal risks under control by maintaining a low budget deficit, which is currently at 0.91% of GDP, well below the initial projection of 3.92% in 2022. This demonstrates effective fiscal management and allows Indonesia to remain resilient in the face of global uncertainties.

What is the expected budget deficit for Indonesia in 2023?

For 2023, the government has prepared for a budget deficit of 2.84% of GDP, which reflects a positive trend towards reducing fiscal imbalances while still maintaining flexibility to manage economic challenges.

What factors contribute to Indonesia's economic resilience amid global uncertainties?

Indonesia's economic resilience is supported by its strong fiscal policies, effective government spending, and prudent management of inflation. These factors help buffer the country against global economic fluctuations, particularly external shocks like commodity price volatility.

How did Indonesia manage its fiscal deficit in 2022?

In 2022, Indonesia's fiscal deficit was managed carefully, initially projected at 4.8% of GDP but later revised to 3.92%. By the end of the year, the deficit was much lower than expected, standing at 0.91% of GDP, which is a significant improvement and demonstrates fiscal prudence.

What is the outlook for Indonesia's APBN and economic growth in the coming years?

The outlook for Indonesia's APBN and economic growth remains positive, with continued efforts to keep the budget deficit under control and maintain growth above 5%. The government's focus on sustaining infrastructure development, public services, and economic stability will be key in supporting long-term growth.