Maret 2024, APBN Kembali Cetak Surplus Rp22,8 Triliun
Menteri Keuangan Sri Mulyani Indrawati menyatakan, APBN per 15 Maret 2024 mengalami surplus senilai Rp22,8 triliun atau 0,1% dari Produk Domestik Bruto (PDB). Adapun, kinerja surplus APBN disumbang dari pendapatan negara yang lebih tinggi dari belanja negara.
Pendapatan negara per Maret 2024 tercatat Rp493,2 triliun atau 17,6% dari target APBN sebesar Rp2.802,3 triliun uang disumbang dari penerimaan perpajakan Rp399,4 triliun. Dan Penerimaan Negara Bukan Pajak tercatat Rp93,5 triliun, dan hibah Rp0,2 triliun.
Sedangkan belanja negara tercatat Rp470,3 triliun atau 14,1% dari pagu anggaran sebesar Rp3.325,1 triliun yang dikontribusi dari belanja Pemerintah Pusat Rp328,9 triliun. Dan transfer ke daerah Rp141,4 triliun.
Pendapatan negara per Maret 2024 tercatat Rp493,2 triliun atau 17,6% dari target APBN sebesar Rp2.802,3 triliun uang disumbang dari penerimaan perpajakan Rp399,4 triliun. Dan Penerimaan Negara Bukan Pajak tercatat Rp93,5 triliun, dan hibah Rp0,2 triliun.
Sedangkan belanja negara tercatat Rp470,3 triliun atau 14,1% dari pagu anggaran sebesar Rp3.325,1 triliun yang dikontribusi dari belanja Pemerintah Pusat Rp328,9 triliun. Dan transfer ke daerah Rp141,4 triliun.
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TVTranscript
00:00 [Music]
00:08 [News]
00:25 [Music]
00:28 [News]
00:57 The country's income per March 2024 was recorded at Rp 493.2 trillion
01:03 or 17.6% of the APBN target, worth Rp 2,802.3 trillion.
01:09 The country's income is contributed by tax revenue of Rp 399.4 trillion
01:15 consisting of Rp 342.9 trillion and tax revenue of Rp 56.5 trillion.
01:23 The country's income is not taxed, recorded at Rp 93.5 trillion and taxed at Rp 0.2 trillion.
01:29 "APBN can still run quite well, solidly in this matter, and this is seen from the percent of the target.
01:39 Although if you look at the growth, and this is what I have always said since last year,
01:45 the country's income growth which was very high in 2021 and 2022,
01:53 it can still be maintained in 2023 and we know that it will experience a correction later.
01:59 So we see a growth of -5.4%, so the country's income is experiencing a contraction."
02:09 Meanwhile, the country's spending was recorded at Rp 470.3 trillion or 14.1% of the budget, worth Rp 3,325.1 trillion.
02:19 There was also a spending of the central government, recorded at Rp 328.9 trillion,
02:23 consisting of spending of the Ministry of the Interior, Rp 165.4 trillion,
02:27 and spending of the Ministry of the Interior, Rp 163 trillion,
02:31 and transfer to the region, worth Rp 141.4 trillion.
02:36 From Jakarta, Idex Channel.
02:39 [music]
02:42 [reporter speaking]
02:53 Good morning, Mr. Joshua.
02:55 Good morning, Mr. Fras.
02:56 How are you, Mr. Joshua?
02:58 I'm fine, too.
02:59 Thank you, Mr. Joshua.
03:00 We have just reached Rp 22.8 trillion, but we will first review the use, benefits, and funds of the State Budget.
03:08 It is really to support the national economic growth so far, Mr. Joshua.
03:12 Okay. As stated by Minister of Finance yesterday,
03:17 regarding the implementation of our budget in mid-March,
03:22 this shows that the budgetary policy is still accelerating growth,
03:28 even though there is a delay.
03:31 If we compare it with the same period in 2013,
03:35 there is a delay as a consequence of several factors,
03:41 especially global economic activity that affects the decline of the community.
03:48 So, if we look at the tax revenue,
03:52 it is actually lower than the same period in the previous year.
03:56 Meanwhile, the spending of other regions is still increasing compared to the same period in the previous year.
04:04 This is also affected by several spending related to voter spending
04:09 and also spending on the distribution of foodstuffs in order to mitigate the impact of the El Nino.
04:16 Because we have seen that the El Nino has pushed for food prices to rise,
04:21 so the government intervened by providing foodstuffs.
04:27 So, both spending are quite dominant until mid-March this year.
04:32 Overall, the budgetary policy is still recorded surplus.
04:40 However, if we compare it with the previous year,
04:44 the surplus is actually decreasing.
04:47 Last year, the surplus was 0.6% of the GDP.
04:51 In mid-March this year, the surplus is still decreasing to 0.7% of the GDP.
04:58 So, we can see that there is an increase in spending,
05:02 but the acceptance of the surplus is also decreasing.
05:06 What can we observe from the trend of the surplus in the trade order,
05:09 even though the surplus is still there since January, February, and mid-March,
05:13 but the trend is weakening, Mr. Joshua?
05:17 I think this is a cycle of years.
05:21 If we look at the pattern of government spending,
05:26 it is a classic issue.
05:28 The spending is still quite concentrated in the end of the year.
05:32 So, it is very reasonable and not surprising that
05:37 in the beginning of the year and mid-March this year,
05:40 the government still recorded surplus.
05:44 However, usually, in the middle of the year,
05:50 the spending is significantly higher, especially for capital spending.
05:54 So, the APBN will start to decrease.
05:59 However, the surplus, as we have interpreted,
06:05 does not mean that the impact of the surplus on the economy is limited.
06:11 It means that the impact of spending is quite large
06:16 and the direct benefits from the central government spending
06:21 are directly received by the people,
06:24 especially the distribution of goods here,
06:28 so that the middle class people do not feel that the situation is getting worse.
06:35 So, even though the surplus is recorded,
06:39 we generally see that the economic activity,
06:42 especially from the point of view of the consumption of the people, is quite good.
06:47 Although there were several layers of the population,
06:50 some of them are still affected by the impact,
06:56 such as the increase in food prices that do not receive social assistance.
07:01 Then, some of the people who are workers
07:06 are also affected by the policy of effective tariff on average taxes
07:13 for workers in the PPPH21.
07:16 So, there is a tendency for some layers of the population
07:21 to refrain from spending at the beginning of this year.
07:25 Or maybe they start spending when Ramadan or Eid al-Fitr is approaching
07:32 and also the modification activities.
07:34 But the APBN surplus does not mean that the impact is small on the economy.
07:42 So, I see that for the first quarter of this year,
07:46 the surplus will still be 5 percent,
07:48 because there was an activity in Ramadan and Eid al-Fitr.
07:54 And we also see the impact of the election campaign
07:58 is also positive for the consumption of the people.
08:01 Okay, but if we look at the data that has been reported,
08:04 the Ministry of Finance notes that the government's income reached Rp 493.2 trillion in March.
08:10 The growth, as mentioned by Minister Sri Mulyani, is negative, 5.4 percent.
08:16 Mr. Joshua, compared to the previous year, year on year?
08:19 Yes, that's why our requirement is quite dependent on the community.
08:26 When the price of commodities rises, as we can see in 2022,
08:31 our tax receipts also exceed the target.
08:37 And that trend continued last year.
08:42 However, this year we know that the price of commodities continues to decline,
08:48 such as coal.
08:50 Although the CPO has slightly increased recently,
08:54 if we compare it to 2022,
08:57 the CPO price trend is still declining.
09:01 And because of the global factor, energy,
09:05 we also experience a delay,
09:09 such as the delay of the Chinese economy,
09:11 and the short-term ending of the US economy.
09:14 So, we need to look for new economic growth sources
09:20 so that our tax receipts are not entirely dependent on the sectors related to energy
09:27 or commodities.
09:29 So, in the future,
09:31 besides the tax reform that the government continues to do,
09:36 we also need to look for new growth engines
09:41 so that our tax receipts are not entirely dependent on commodities and energy.
09:47 Okay, but what strategy should be applied
09:49 if we can find new sources of income from the government?
09:52 Should we increase the domestic market
09:55 or should we increase the domestic market?
09:59 But let's wait for the answer.
10:01 We will be back in a moment.
10:22 [President Jokowi] Thank you for joining us in Market Review.
10:25 We will be back with the data on the APBN surplus on 15th March 2024.
10:30 As you can see, from January 2024 to February and March,
10:36 the APBN surplus amounted to Rp31.3 trillion.
10:40 Then, in February, it was Rp26 trillion.
10:43 And in March 2024, the average amount was Rp22.8 trillion.
10:49 Because of this trend, as Mr. Josopar said earlier.
10:53 Next, from the APBN surplus on 15th March 2024,
10:57 the country's income was recorded at Rp493.2 trillion,
11:01 minus or negative,
11:03 5.4 percent annually.
11:05 Then, the country's spending increased by 18.1 percent annually,
11:09 Rp470.3 trillion.
11:12 So, the surplus amounted to Rp22.8 trillion,
11:16 or about 0.1 percent of GDP.
11:19 Next, the country's income from the APBN surplus on March 2024,
11:27 the source was tax,
11:29 and the country's income was not tax.
11:32 The tax amount was Rp399.4 trillion,
11:39 and the GDP amounted to Rp93.5 trillion.
11:45 Next, the APBN country's spending on 15th March 2024.
11:58 For the Central Government, the amount was recorded at Rp328.9 trillion,
12:09 which was from the Ministry of Institutions.
12:11 The Central Government's spending was Rp165.4 trillion,
12:14 and the Ministry of Institutions' spending was Rp163.4 trillion.
12:19 The data you can see here is related to the country's spending and income.
12:25 Let's continue our discussion with Mr. Joshua Pardede.
12:29 Mr. Joshua, if we look at the country's income,
12:34 it was tax,
12:36 and the country's income was not tax.
12:38 What is the composition of this?
12:40 Even though you said that we have to find new positions to increase the country's income.
12:49 If we look at the tax-receiving posture,
12:54 it was mainly from the Central Government,
12:56 the Central Government,
12:58 and the Central Government.
13:00 However, if we look at the growth rate,
13:03 it was already late compared to the same year.
13:08 Therefore, if we look at how the government continues to provide support to the economic sectors,
13:21 the government's performance will be positive this year.
13:27 So, the hope is that the economic sector,
13:31 if we look at the sector,
13:33 the main thing is that the growth rate is still from the manufacturing,
13:41 trading, and mining industries.
13:44 So, those three are still the drivers or supporters of tax-receiving.
13:50 Therefore, how can the government provide a good investment climate
13:57 to the sectors of tax-receiving,
14:01 so that we do not rely too much on the mining sector,
14:09 such as the industry of mining, trading,
14:12 so that it can be pushed and supported by the government.
14:16 Okay, but what sectors are quite sexy that can be developed in Indonesia?
14:20 Do you think it has the potential to beat the ability of the contribution from the mining sector,
14:27 such as coal, minerals, and other communities such as CPO?
14:33 Yes, indeed, if we look at the mining sector,
14:39 we have developed and supported the hillization program.
14:45 This also has a positive impact not only on the diversification of Indonesian export products,
14:51 but also the hope from the tax-receiving side of the manufacturing sector.
14:57 Because of course, this is included in the manufacturing sector.
15:01 And besides that, we also see, for example,
15:04 how the government's efforts to encourage corporatization
15:10 or efforts to improve the class of the MSMEs.
15:15 Because if we look at the MSMEs,
15:19 there are still many who do not have NPPs.
15:25 So there are still many informal sectors that can still be run by the government.
15:31 So the hope is that with the increase of tax base,
15:35 especially for the expansion of MSMEs,
15:40 the hope from the tax-receiving side is to be able to increase it further.
15:45 This is of course in addition to the increase in the tax service itself,
15:50 from the tax administration side, the IT system,
15:54 including the implementation of the Cortex system that has been implemented this year.
15:59 So the hope is that the reformation of tax
16:01 in order to increase the compliance of tax
16:05 as well as the increase in the tax extensification in this area.
16:08 Earlier, the expansion of the tax obligation so that our tax base can be further expanded.
16:13 Okay, Mr. Juwass, that's from the acceptance.
16:15 What about the government's spending?
16:18 It was noted in March that it was big because there was a Bansos.
16:22 Then this was also done by the Ministry of the Institute and the MILU's own advisory.
16:27 What do you think? Should we be able to optimize the sectors that can provide a wider job market?
16:37 Or is it already on the way?
16:40 Because there are MILU, then yesterday there was the El Nino claim, etc.
16:44 So the Bansos must be really distributed to the lower communities.
16:48 Yes, indeed, if we look at the part for this year,
16:52 it was done earlier than last year.
16:58 However, unfortunately, as I said earlier,
17:01 our budget absorption is still limited, especially for productive spending.
17:06 And this is related to capital spending or spending related to efforts to move the people's economy.
17:14 It is still relatively limited.
17:16 So that's why it needs reward and punishment.
17:21 Moreover, the regional government, especially the regional government,
17:26 this is also a cycle that always happens.
17:29 In terms of regional spending,
17:33 there are still many sectors in the regional development.
17:38 At the beginning of this year, the liquidity of regional development banks is quite high.
17:41 Because of the spending discipline itself,
17:46 or the spending of the regional development bank itself is still limited.
17:49 So that's why there needs to be an increase in quality and monitoring.
17:54 This time, the Ministry of Finance monitors the regional areas
18:01 whose absorption is quite slow.
18:03 This is so that there is an increase in spending
18:09 so that it can be done from the beginning of the year.
18:11 Actually, this has been instructed by the President.
18:15 But in reality, the absorption cycle is still slow.
18:22 So that's why there needs to be an innovation from the regional heads,
18:26 both at the first and second level,
18:29 so that we can make the programs that can be used to empower the people.
18:37 So that there will be a productive absorption realization
18:42 that can be enjoyed by the people directly
18:45 to be able to move the people's benefits.
18:48 So that the hope is that it can be done more disciplined and more tightly.
18:53 So that in the future, our budget absorption is not always concentrated in the fourth quarter.
18:59 That's it.
19:00 If we look at the active role that needs to be improved,
19:03 more from the central government, business actors, regional government, or whoever,
19:08 so that the absorption is really optimal.
19:10 And hopefully, we can see economic activity again.
19:13 We can even grow again above 5 percent.
19:16 That's it, Mr. Joshua.
19:17 Yes, by the way, I just said that the initiative to accelerate the absorption of spending
19:23 has been there since the request of the Central Government.
19:25 From the Ministry of Finance itself,
19:27 the absorption has been done since the end of last year,
19:30 in November.
19:32 What does it mean?
19:33 It means that the Ministry of the Institute and the regional government
19:37 have been able to do the absorption since the end of last year.
19:42 So that when the year 2024 is running,
19:45 the budget can be released,
19:48 to be absorbed by the Ministry of the Institute and the regional government.
19:56 But once again, we are still very concentrated,
20:00 for example, to spend on the central government,
20:03 that is related to the spending of the regional government, related to the distribution of social services,
20:07 and also some spending of the regional government for the election.
20:12 The distribution of the election.
20:13 So, therefore, there must be a reward and punishment from the Ministry of Finance, the central government,
20:19 so that it can be really given.
20:24 If the spending discipline is high,
20:28 it will be rewarded by the Ministry of Finance.
20:30 But if the spending discipline is low,
20:34 there must be a punishment from the central government.
20:38 Because it will always be around the same things from time to time.
20:42 There has never been a significant increase in quality from the government,
20:47 especially the regional government.
20:49 As I said earlier, the liquidity for the regional development bank at the beginning of the year is always increasing, always high.
20:55 But at the end of the year, it always decreases.
20:58 It means that the cycle of the spending of the regional government is very slow at the beginning of the year,
21:05 but still concentrated at the end of the year.
21:08 Okay, so there really needs to be another booster from the government
21:12 to be able to boost the activity of the regional government
21:15 to distribute development programs as requested by the central government
21:20 with the aim of increasing the prosperity of each region
21:23 with the use of infrastructure and the empowerment of regional governments in each region.
21:28 Okay, Mr. Joshua, thank you very much for your time and sharing that you have delivered to the audience today.
21:33 Congratulations on continuing your activities again and greetings to you, Mr. Joshua. Thank you.
21:38 Okay, audience, one hour has passed. I accompanied you in the Market Review program.
21:43 I am Prasetyo Ibowo, with the staff who are on duty.
21:47 Thank you and see you.
21:49 [Music]
22:09 [Music]
22:26 [BLANK_AUDIO]