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Revenue Grows 6.2%, Realization of the State Budget Still Relatively Good
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Minister of Finance, Sri Mulyani
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Minister of Finance Sri Mulyani Indrawati stated, until the end of May 2019, the realization of the State Budget (APBN) was still relatively good. The Purchasing Managers Index (PMI) is still above 50 and state revenues have grown by 6.2% or Rp728.5 trillion.
"When viewed from economic activity, there are several indicators that show the economy is going pretty well. This can be seen from Indonesia's PMI (Purchasing Managers Index) 51.6. A reading above 50 means that it is still expanding. So there is a significant increase in production, especially manufacturing, "said Minister of Finance in the KiTa State Budget press conference (Performance and Facts), in the Djuanda Hall, Juanda I Building, Ministry of Finance, Jakarta, Friday (6/21).
For consumption, the Minister continued, the Consumer Confidence Index (IKK) rose 128.2. The business tendency index is also positive. In general, the implementation of the State Budget until May 31, 2019 is quite good. Meanwhile, in terms of state revenues, it grew by 6.2% or Rp728.5 trillion, higher than the previous month (mtm).
"From state revenues, the growth of state revenues is 6.2%. This is better than April at 0.5%. From tax revenue growth of 5.7%. This is also better than last April's 4.7% growth. So there is strong momentum. For PNPB (Non-Tax State Revenues) the growth is 8.6%. This also improved compared to April which experienced a contraction or negative growth of 14.8%, "explained Minister of Finance.
While in terms of state expenditure, Minister of Finance Sri Mulyani Indrawati said that there was a significant increase because the allocation of social assistance had increased compared to 2018. "For state expenditure, absorption until the end of May grew compared to last year's 9.8%," he said.
The deficit realization figure until May, according to the Minister of Finance, was negative 0.79 to GDP. While the primary balance is close to 0 or a deficit of Rp. 0.4 trillion. The position of government debt is still at the level of 29.72% of GDP. (MOF)
