APBN Catat Defisit Rp21,8 Triliun pada Mei 2024
Kementerian Keuangan mencatat Anggaran Pendapatan dan Belanja Negara (APBN) per Mei 2024 mencatatkan defisit senilai Rp21,8 triliun. Menteri Keuangan Sri Mulyani menjelaskan bahwa defisit APBN yang terjadi pada Mei 2024 ini setara dengan 0,1% dari Produk Domestik Bruto (PDB).
Sri Mulyani menambahkan, defisit yang terjadi berasal dari naiknya belanja negara sebesar 14% dari periode yang sama tahun lalu. Belanja negara hingga akhir Mei 2024 tercatat mencapai Rp1.145,3 triliun atau setara dengan 34,4% dari total pagu APBN 2024.
Sri Mulyani menambahkan, defisit yang terjadi berasal dari naiknya belanja negara sebesar 14% dari periode yang sama tahun lalu. Belanja negara hingga akhir Mei 2024 tercatat mencapai Rp1.145,3 triliun atau setara dengan 34,4% dari total pagu APBN 2024.
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TVTranscript
00:00Yes, the Ministry of Finance notes that the State Budget until May 2024 experienced a deficit.
00:12What is the deficit like? Let's just say the following information.
00:16The Ministry of Finance notes that the State Budget until May 2024 experienced a deficit of 21.8 trillion
00:28or 0.10% of the State Budget.
00:32The deficit is caused by a lower state receipt than state spending.
00:38Until May 2024, the state's income reached 1,123.5 trillion rupiah.
00:45The state's income was contributed from a tax of 869.5 trillion rupiah
00:52and the state's income was not a tax of 251.4 trillion rupiah.
00:59Meanwhile, state spending until May 2024 was recorded at 1,145.3 trillion rupiah
01:06or 34.4% of the total deficit in the Ministry of Finance.
01:12The realization of state spending was supported by central government spending of 824.3 trillion rupiah
01:19and the transfer to the region reached 321 trillion rupiah.
01:25Despite experiencing a deficit, the implementation of the State Budget is still in line with what the government has planned.
01:31Because the government has planned a State Budget deficit of 522.8 trillion rupiah
01:37or 2.29% of the State Budget until the end of this year.
01:42From Jakarta, IDX Channel coverage team.
01:47The Minister of Finance, Sri Mulyani, has repeatedly mentioned the global economic condition
01:51which is still uncertain.
01:54One of them is triggered by the escalation of conflict and friction between countries
01:57that show an increase trend.
01:59Starting from the war in Ukraine, the Middle East crisis,
02:02to the competition between the United States and China.
02:05This condition is also admitted to continue to create a momentum of tension.
02:09Sri Mulyani admitted that the global economic condition which is still uncertain
02:13is one of the things that makes the State Budget and State Spending have to work extra hard.
02:19This condition also makes a number of countries have taken preventive measures
02:25in the nature of maintaining national interest.
02:27This is good for the industry that is considered strategic,
02:30as well as the national economic side.
02:35From the global side, the escalation of conflict and friction between countries
02:39is still increasing, or even increasing from month to month.
02:44This is because of the war in Ukraine, the crisis in the Middle East,
02:49and also the competition between the United States and China
02:54continues to create a momentum of tension,
02:58either because there is a cycle of elections in each country,
03:01or the atmosphere is indeed increasing.
03:03This creates a very high impact of global uncertainty.
03:08And the change in industrial policy and trade, as well as investment from various countries.
03:15We see that various countries have taken pre-emptive measures
03:20in the nature of maintaining national interest.
03:24This is good for the industry that is considered strategic,
03:27as well as the national economic side.
03:30Yes, Mr. Ustaz, to discuss our topic this time.
03:32The State Budget recorded a deficit of Rp21.8 trillion in May 2024.
03:36We are here with Mr. Eko Lustianto, the Deputy Director of Indef.
03:41Hello, good morning, Mr. Eko.
03:43Good morning, Mr. Pras.
03:44How are you, sir?
03:46Alhamdulillah, I'm fine.
03:48Thank you for your time.
03:49We are also very happy to have Mr. Handito Juwono, Head of the Export School.
03:53Good morning, Mr. Handito.
03:55Good morning, Mr. Pras.
03:57Good morning, Mr. Eko.
03:58Good morning, Mr. Handito.
04:00Thank you for your time, Mr. Handito and Mr. Eko.
04:03Okay, Mr. Eko, let's see how it is.
04:05After several times of surplus from our State Budget in May,
04:09finally we have a deficit of Rp21.8 trillion.
04:13Your review from Indef, please.
04:16Yes, the first thing we see,
04:17of course, if we look at the acceptance or income of the country,
04:21there is a decrease and this is certainly not separate from the economic situation,
04:28both domestically and globally.
04:31If it's global, it's true that the price of commodities has fallen
04:34and so far, the support from the APBN is also very determined by the price dynamics of commodities,
04:40from the results of both taxes and non-taxes,
04:45or the acceptance of the country is not taxed,
04:47this is usually also growing in the situation of commodities.
04:53Meanwhile, the spending is a bit fluctuating, if I see it like that.
04:58So in May, it's relatively faster,
05:03especially for various assistance programs,
05:06and then it results in a deficit.
05:09Actually, overall, the value of this deficit is still safe,
05:15because we set the APBN deficit in 2024 at 2.29%
05:20and this realization of the deficit is only 0.1% compared to the State Budget.
05:24So it's still very far from our plan.
05:28But because the main support aspect is income,
05:35and if the income drops, it becomes a concern.
05:38And I think the decline is quite deep, more than 7% as described.
05:44There are signs that we have to be aware of,
05:48but it's not enough to be aware,
05:49of course, certain efforts must be taken
05:52so that the APBN can be sustained until the end of the year.
05:58Okay, if we review the decline in income,
06:01which part is more important, non-MEGAS, which has long been our export dependency,
06:05maybe because of the global market is under pressure,
06:08or is it more of an internal problem?
06:13Yes, this is actually a combination.
06:15First, the global aspect, because the decline includes MEGAS,
06:21and if we look at non-MEGAS, it's also big.
06:23If we look at our export, one of our dependencies is oil.
06:27The decline in oil yesterday was quite deep in our trade balance.
06:33So that's why the other ones are rising,
06:35the trade balance is still surplus,
06:37but the CPO is declining,
06:40the decline is far from the same period last year.
06:44That's ultimately related to income too.
06:48This is a combination,
06:50because the global market is not good,
06:54or experiencing a price normalization,
06:59the income contribution for taxes in the country is also decreasing,
07:05because of the situation,
07:07because they are related.
07:10When the sales are not good, or the price is not good,
07:15the sales are not high,
07:17then the tax contribution is also lower.
07:20I think the situation is like that.
07:22Okay, Mr. Iko.
07:24I understand that, then how?
07:25If the experts look at the global condition,
07:27if the experts, there was a price normalization,
07:30our community has always been dependent,
07:32more so because of the escalation,
07:35a fairly high fluctuation in the global economy,
07:38then the escalation that we don't know where it will end,
07:41when the Russian-Ukrainian war,
07:43then the Israel-Palestinian war, and several other places.
07:46Please.
07:48Yes, if it's about the economic conditions that are affected by the global factor,
07:53Ukraine, the war in Gaza, and so on,
07:57I think we've been used to it for a long time.
07:59So I mean, the factor seems to be,
08:02even though it's important,
08:03don't make it a concern anymore,
08:07because the effect is also decreasing,
08:09because it has been adjusted.
08:12So now, in my opinion, this is real, this is happening.
08:16So don't look for an excuse for war,
08:19this is real, this is dangerous in my opinion.
08:21Indonesia's economy, in my opinion, is in a dangerous position.
08:24I don't call it a red light, just call it the real economy.
08:28I studied economics in my third year, but not economics.
08:31I mean, this is already a dangerous light,
08:34a dangerous yellow light, a dangerous red light.
08:37And this is already a crisis threat in my opinion.
08:40So if we let it be like this, then it will be a blur.
08:44Not only will the State-Owned Enterprises go bankrupt,
08:46but also the king of trade will be in danger,
08:50and it will lead to everything.
08:52So what should be done?
08:54Yesterday, in a discussion,
08:55there was a class in Esport School,
08:59with a student from Merdeka University,
09:01there were 1000 people,
09:03they were getting smarter and more critical.
09:05When talking about export, there were people who said,
09:08why don't we invite our young people to love Indonesian products?
09:13Why don't we encourage them to love our products?
09:19I said, I agree with that 170%.
09:22So I think it's time to re-campaign
09:25the campaign to love Indonesian products,
09:27or I love Indonesian products, whatever the name is.
09:29The real one,
09:31all this time we have been too focused on entering platforms
09:35In my opinion, this is not real, it has to be real.
09:37Second, I think it's time for us to make an export revolution.
09:41I say export revolution, because the infrastructure is already there.
09:46At least, if there are 4,000 people in Esport School,
09:49more than that will complete the one-year export learning program.
09:52They have the ability to start an export revolution.
09:56Not only them, of course.
09:58It has to be with the government, it has to be with the existing exporters.
10:01So we have to move Indonesia's exporters to start a revolution.
10:06Now I'm in Beijing,
10:07I notice that the products here,
10:11including Indonesian products, are getting more and more here.
10:15It's good, right?
10:16But China's products are now starting to change.
10:20They have changed.
10:21I bought an umbrella for only 5 yuan.
10:27It means that the business has been left behind.
10:30Now, they have started to shift to the advanced, digital industry.
10:35This gives a good opportunity for industrialization in Indonesia.
10:40I think it's a change for Indonesia to export products
10:44that are from a middle-class industry.
10:48An export revolution that will be supported by our younger generations.
10:52But on the other hand, the challenge if we want to create domestic products
10:55is the flood of foreign products in Indonesia.
10:58With a more competitive price,
10:59cheaper, and that may be the target of many people.
11:02We will discuss it in the next segment.
11:04Mr. Heiko and Mr. Hadi, we will take a break for a while.
11:06Mr. Mirsa, stay with us.
11:16You are still watching Market Review.
11:18Mr. Mirsa, we will provide you with data
11:20about the APBN 2024,
11:22which has experienced a deficit of 21.8 trillion rupiah.
11:27As you can see on the television screen,
11:29the country's income is 1,123.5 trillion rupiah,
11:33or 40.1% of the target in 2024.
11:37The country's spending is 1,145.3 trillion rupiah,
11:41or about 40.1% of the target in 2024.
11:45As a result, there is a deficit of APBN 21.8 trillion rupiah,
11:48or only about 0.1% of GDP.
11:51Next, let's look at the receipt of cumulative taxes.
11:54As of January to May 2024,
11:57the trend continues to increase.
12:00It is recorded as 760.38 trillion rupiah
12:05for the receipt of our cumulative taxes.
12:08Next, how about the value of Indonesia's exports in 2024,
12:11from January to May?
12:13It is around US$20 billion.
12:17It is recorded as US$22.32 billion in the month of May
12:21for Indonesia's exports.
12:23Let's continue our discussion with Mr. Eko Lustianto,
12:26the Vice President of Indef,
12:27and Mr. Haditho Juwono, the Head of the School of Exports.
12:30Mr. Eko, let's talk about some of the data
12:34that have been presented.
12:35In terms of our cumulative tax receipts,
12:37the trend is still increasing, which means it is still okay.
12:39Meanwhile, the country's spending that you mentioned earlier
12:42is indeed higher than our income.
12:45Is this composition ideal?
12:46When you look at the benefits of the domestic economy,
12:50as Mr. Haditho said,
12:52is it still relevant for us to love our domestic products?
12:57We are still in the middle of the importation of imported products.
13:00Please, Mr. Eko.
13:02Yes, thank you, Mr. Pras.
13:04So, if we try to develop a strategy
13:08to boost the pressure to consume domestic products,
13:12such as buying from locals and so on,
13:14this is actually the right moment.
13:17It is very relevant.
13:18Why?
13:19First of all, the current situation
13:22is that our exchange rate is weak.
13:24In fact, it is weak due to one of the implications,
13:28even though the trading volume is still surplus,
13:30but the payment volume,
13:32I mean the transaction volume,
13:34is already deficit.
13:35And this is usually what is most criticized
13:38by financial sector actors.
13:40If the transaction volume is deficit,
13:43whatever it is, the story is actually
13:45that we get more out of it than we get in.
13:49Something like that.
13:50So, in this condition,
13:53it is very important for the government to push
13:55how to boost,
13:57not only to boost the spirit,
13:59but also to make it real,
14:00as Mr. Haditho said earlier,
14:01to buy local products.
14:03Because, first,
14:04these products are not too affected
14:08by the fluctuation of the exchange rate.
14:11Then, the second,
14:12which is even more important,
14:13this moves the economy below,
14:15in the country.
14:16And if the economy moves,
14:18people get profit,
14:19they can pay a higher tax.
14:22But if we just play import-import,
14:25just pragmatism,
14:26indeed, the tax will not necessarily increase,
14:31it is clear that the saving deficit is continuous.
14:33Because to buy products from abroad.
14:36Something like that.
14:37But the condition with thousands of imported goods,
14:41what is it like, Mr. Eko?
14:42Is it a challenge in itself?
14:43Because it is proven that there are many sectors,
14:46or industries that may even have to reduce
14:49labor force or mass PHK,
14:51even have to close it.
14:54Yes, in fact, it is important here,
14:56the role of the government
14:57to be the guardian of the national economy.
15:00If it is left for a month,
15:03of course, the effort to optimize
15:07domestic products will be in vain.
15:10So there must be a more strategic step
15:14to be able to, in quotes,
15:16to prevent it.
15:17Because sometimes when we go abroad,
15:19Mr. Andito,
15:20if we export,
15:20sometimes the obstacles are not always tariff.
15:23Sometimes the non-tariff is more complicated.
15:25Various kinds of labeling,
15:29certifications,
15:29all kinds of things that sometimes make it difficult for us to get in.
15:33Even though it is actually a non-tariff barrier
15:35created by the country
15:37or the area
15:38to protect our products.
15:40Well, we should also be able to use that method
15:43to protect those products
15:46to enter Indonesia.
15:47So there is potential for MSMEs,
15:51local economic actors to be able to sell.
15:53Something like that.
15:54So in fact, the ministries are indeed different,
15:59but this is the time to synergize
16:01with the current situation.
16:04There are signs that Mr. Andito mentioned earlier
16:07that it is already dangerous.
16:09I actually agree that there are quite dangerous indicators,
16:13even though there are also some that we can still maintain.
16:16Hmm, that's it.
16:16So how to maintain it?
16:19Our export, Mr. Andito,
16:20as Mr. Eko has said,
16:22there are some non-systems,
16:25in other words,
16:26are they obstacles to our export?
16:29And which other communities can still be encouraged
16:31to increase income
16:33so that the deficit will not happen again,
16:35and return to our surplus APBN path, Mr. Andito?
16:40Yes, I agree with what Mr. Eko said.
16:42We are two narasumber that complement each other.
16:46That the ministries are different,
16:48but the leaders are not clear.
16:50If we talk about export,
16:52for example,
16:54the government has made a regulation at the end of the year
17:00to prevent imports.
17:03But it was scraped off,
17:06until it was finally corrected.
17:08Now it's normal for imports to be made easier.
17:10Well, in my opinion,
17:13we have to correct this kind of leadership.
17:15I think we should support it,
17:18to move according to its purpose,
17:20to be the leader to regulate international trade.
17:24It was stopped at the import.
17:26Yesterday,
17:27this is a young man from Kalimantan,
17:31his college is in IKN.
17:33He said,
17:35I've been there,
17:37my products have been tested there,
17:40we also cooperate with UKMKM.
17:42They lost billions of rupiahs
17:44because the price went down
17:46because imported goods were imported.
17:49I think this is an amazing story.
17:51I said I would like to deliver it tomorrow, today.
17:54These are young people who say that.
17:56I think now,
17:58the international trade sector must be re-established.
18:01So, we must strengthen it.
18:02This export must be synergized,
18:04give trust to the Minister of Trade
18:06to regulate the import of brakes.
18:08It's an emergency now.
18:10I regret that the leadership must be corrected
18:13to make it easier for imports.
18:15We are not against imports,
18:17but actually,
18:18give us a chance to breathe for Indonesian products.
18:22We build it with the spirit of Indonesian products.
18:25But secondly, what should be the export?
18:28We have to talk about the long term and the short term.
18:31But now, the light is dangerous.
18:34The short term,
18:36it doesn't mean we keep talking about the short term.
18:38The short term, what do we have?
18:40What we have,
18:41okay, we have mining,
18:42please optimize it.
18:44But in my opinion, what we also have in the short term
18:46is the results of agriculture, forestry, fisheries.
18:51It can only be harvested.
18:52Remember back then,
18:55the trees were cut down.
18:57It can damage the environment.
18:59Okay, don't do that.
19:01But now, the forests are starting to grow again.
19:03Why don't we cut it down again
19:05in a good way?
19:07We optimize it.
19:08Because of this,
19:09I think the situation is already dangerous.
19:13A crisis like this is already happening.
19:16It must be optimized
19:17to increase imports for the country.
19:19Okay.
19:20Mr. Eko, what are the recommendations that Indef can convey
19:23when it comes to how we can increase exports,
19:25then maintain the domestic market,
19:27and also import products?
19:29And back then,
19:30how do we try to
19:31keep our APBN surplus
19:34until the end of the year?
19:37Yes, the APBN surplus will be related
19:40to our sales surplus,
19:42in trading, something like that.
19:44If we look at it,
19:46maybe to continue from Mr. Andito,
19:50our current mode
19:52is in the direction of hillarization.
19:53That's part of industrialization.
19:56Yes.
19:56But it's only in the creation of more.
19:59The more important thing is industrialization.
20:02Okay, if the government's focus is hillarization, it's okay.
20:04But the direction is not enough
20:07only in several mining mineral products.
20:10It must then go to agro.
20:12Because in fact, the global demand is also high.
20:15We know now,
20:17even in the country,
20:18to fulfill the domestic market,
20:19we still have a lot of imports.
20:21So in the future,
20:22in my opinion,
20:23industrialization in the agro sector
20:26or hillarization in the agro sector,
20:28whatever the name is,
20:30it must be intensified.
20:31This has actually been seen
20:32since the trade crisis last May,
20:34when usually,
20:37first, usually the sale of coal is the highest,
20:39the contribution is 16%.
20:41Then the second is usually CPO.
20:43Well, because the CPO is going down,
20:45it is then replaced by
20:47this mineral, iron and tin.
20:49I think this is also from the contribution
20:51of smelter-smetter that is starting to exist in Indonesia.
20:54This illustrates
20:56that when the added value is created,
20:58it can support the export side.
21:00Why not?
21:01Then, from earlier,
21:03agriculture or even
21:04we are also very strong in
21:07maritime, in the result of fisheries.
21:09Well, it must be pushed more
21:11so that it can strengthen our export.
21:15And in the end, it can push
21:17the acceptance of the country,
21:18the acceptance of taxes and non-tax.
21:20Yes, it means that there must be other communities
21:22that become the pillars,
21:23not just from the mining side.
21:25Even agriculture can become our export pillar.
21:28The important thing is to focus,
21:29then how the government seriously prepares the land again.
21:33Not just for CPO,
21:35but other agricultural products
21:36that can be exported
21:38while we can meet the needs in the country.
21:40Mr. Eko, thank you very much
21:42for your time and sharing.
21:44Mr. Arito, thank you for the insight
21:46that you have conveyed
21:47related to Indonesia's export
21:49and how the government needs to apply the strategy
21:52and also the industrial actors in the country.
21:54Congratulations on continuing your activities again.
21:57Good health, Mr. Eko and Mr. Arito.
21:58Thank you.
21:59Good health, Mr. Pras, Mr. Eko.
22:01Thank you.
22:02Alright, Mr. Mirsa,
22:03I've been with you in Market Review for an hour.
22:05Keep sharing your information only on IDX Channel,
22:08your trustworthy and comprehensive investment reference.
22:11Because the future must be ahead.
22:13I am Investor Sahab.
22:15I am the President of Teoweebo
22:16and the Chief Executive Officer of Unduneri.
22:18Thank you and see you again.
22:45I am Investor Sahab.
22:46I am the President of Teoweebo
22:47and the Chief Executive Officer of Unduneri.
22:49Thank you and see you again.