Menteri Keuangan (Menkeu), Sri Mulyani Indrawati, melaporkan APBN per Oktober 2024 tercatat defisit Rp309,2 triliun. Sri Mulyani menyatakan defisit per Oktober terjadi imbas belanja negara yang tumbuh tinggi mencapai Rp2.556 triliun.
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00:00Back with us in IDX First Session Closing.
00:07Minister of Finance, Sri Mulyani Indrawati, reported that the APBN per October 2024 recorded a deficit of Rp 309.2 trillion.
00:16Sri Mulyani stated that the deficit per October was a high-growth state-to-state spending of up to Rp 2,556 trillion.
00:25Minister of Finance, Sri Mulyani Indrawati, reported that the APBN per October 2024 recorded a deficit of Rp 309.2 trillion.
00:37The deficit was 1.37% compared to domestic bruto products.
00:45The deficit per October was a state-to-state spending of up to Rp 2,556.7 trillion.
00:52The spending was equal to 76.9% of the total budget for 2024.
01:03For the operation of the APBN until October 2024,
01:09we inform the journalists that the state's income reached Rp 2,247.5 trillion.
01:20This means that 80.2% of the APBN target for 2024 has been collected
01:28and there is an increase of 0.3% compared to the period of October 2023.
01:38In terms of state spending, the APBN has spent Rp 2,556.7 trillion.
01:51This means that 76.9% of the total budget for 2024 has been spent, 76.9%.
02:06In terms of state spending, Sri Mulyani said that the realization of growth spending is very high compared to previous years,
02:14which increased by 14.1% annually.
02:19He insisted that the high state spending can have a good impact on the economy.
02:26Meanwhile, the state's income per October 2024 was recorded at Rp 2,247.5 trillion or 80.2% of the target.
02:38The state's income recorded an increase of 0.3% year-on-year compared to the same period in 2023.
02:47JAKARTA TIM LIPUTAN IT ACTION
02:54Today, we will review the development of the current APBN and also the structural challenge of the Ministry of Finance
03:00which has just been carried out and has also issued a statement from Minister of Finance Sri Mulyani Indrawati.
03:06We start with the APBN deficit first.
03:08The regulator has announced Rp 309.2 trillion as the position of the APBN deficit per October 2024.
03:16Meanwhile, in relation to the current APBN deficit position,
03:19Minister of Finance and Executive Director Selyos Bima Yudhistira said
03:23that the expansion of the state's income and spending budget deficit in 2024
03:28was caused by three main factors related to each other.
03:32These conditions need to be seriously considered
03:35because it can have an impact on the future fiscal stability and the economy of Indonesia.
03:41The first factor mentioned by Bima Yudhistira is the expansion of the APBN deficit
03:47caused by the delay in the state's income compared to the previous year.
03:52He explained that one of the causes is a drastic decrease in the income tax
03:58or PPH migas caused by the low price of global oil.
04:03In addition, the state's reception, not the tax or PNBP,
04:06is under pressure due to the lower economic activity than expected
04:10as well as the weakening of global demand.
04:13The second factor that also contributes to the expansion of the deficit
04:17is the weakening of the manufacturing industry sector
04:20which is burdened with a decrease in the income tax from the sector.
04:24He said that the manufacturing industry tax has decreased by 7.87% annually or year-on-year.
04:33And if this situation continues,
04:35then the income tax ratio and the year-on-year tax target are at risk of slipping.
04:39The decrease in the industrial sector contribution
04:41is also at risk of lowering other taxes in the next few quarters.
04:46Meanwhile, the third factor that causes the expansion of the deficit
04:49is the expansion of government spending,
04:51especially related to capital spending for infrastructure.
04:55He also pointed out that the capital spending has increased significantly
05:00by 40% year-on-year from January to October 2024
05:04in line with efforts to complete national strategic projects.
05:08In addition, although not mentioned in detail,
05:11he also reminded that the increase in the burden of capital spending
05:14also contributes to the increase in the APBN deficit.
05:18And as I said earlier,
05:20in addition to reporting the latest developments in the APBN,
05:23the Ministry of Finance also made a statement
05:26about the structural breakthrough
05:28that one of them decided to abolish the fiscal policy body or BKF.
05:33And to find out more about this matter, here is the complete information.
05:41Minister of Finance Sri Mulyani Indrawati
05:43explained the reasons for the organizational structural breakthrough
05:46in the Ministry of Finance,
05:48which includes the formation of the Directorate General of Economic and Fiscal Strategy,
05:52the Stability Department and the Development of the Financial Sector,
05:56and the Information and Financial Intelligence Technology Department.
05:59Sri Mulyani explained the change in the fiscal policy body
06:02to the Directorate General of Economic and Fiscal Strategy
06:05based on organizational rules,
06:07where the function of policy formulation
06:09is more in line with the Directorate General than the body.
06:13I mentioned earlier that the BKF
06:16will be run in the form of the Directorate General
06:20for Economic and Fiscal Strategy.
06:23It is necessary to change the nomenclature
06:26because it follows the norms
06:30where the Directorate General issues policies
06:34while the body does not.
06:37Next, the Minister of Finance said
06:39the formation of the Stability Department and Development of the Financial Sector
06:42has a strategic purpose,
06:44to strengthen the role of the Ministry of Finance
06:46in the Committee for the Stability of the Financial System or KSSK.
06:49Sri Mulyani assessed that the role of the Ministry of Finance
06:52will be more crucial in maintaining the stability of the financial sector,
06:55especially with the addition of the Ministry of Finance in this field.
07:04President Prabowo Subianto
07:06changed the organization of the Ministry of Finance
07:09which consists of the Directorate General,
07:11the body, and the staff.
07:13One of the significant things
07:15is to remove the fiscal policy body or BKF.
07:19The determination of the removal of the fiscal policy body
07:22is included in the Presidential Regulation No. 158 of 2024
07:27on the Ministry of Finance
07:29which was signed on November 5, 2024
07:32or exactly 17 days after Prabowo Subianto officially became the R.I.1.
07:37However, the function of the fiscal policy body
07:40is now exposed to the Directorate General for Economic and Fiscal Strategy.
07:43The Head of the Bureau of Communication and Information Services
07:46of the Ministry of Finance, Deni Surjantoro, stated
07:49that the removal of the fiscal policy body
07:51is intended to strengthen the tasks and functions
07:53of the fiscal policy body or BKF
07:55which deals with the formulation and implementation of policies
07:58in the field of economic and fiscal strategy.
08:00In the Presidential Regulation No. 14 of 2024,
08:04it was explained that the task of the Directorate General
08:06for Economic and Fiscal Strategy
08:08includes formulation and implementation of policies,
08:11setting standards, procedures and criteria,
08:14providing technical guidance and supervision,
08:16as well as monitoring, analysis, evaluation,
08:20and reporting in the field of macro-fiscal strategy,
08:23sectoral, income, spending, and financing.
08:26The Directorate General also carries out the task of implementing
08:29the Directorate General's administration and other functions
08:31provided by the Ministry.
08:34In addition to the removal of the fiscal policy body or BKF,
08:37the government through the press
08:39that has been pushed by Prabowo Subianto,
08:42has also formed a new body,
08:44namely the Information Technology and Financial Intelligence Body,
08:48which is still in the hands of the Ministry of Finance.
08:51What is the purpose of the formation of the body?
08:53Here is the information.
08:59Through the Presidential Regulation No. 158 of 2024,
09:03President Prabowo Subianto officially formed
09:06the Information Technology and Financial Intelligence Body.
09:09The body is under the command of Minister of Finance Sri Mulyani Indrawati.
09:14Minister of Finance Sri Mulyani Indrawati stated that
09:16the addition of the Information Technology and Financial Intelligence Body
09:19is intended to strengthen the digital infrastructure
09:22in the financial ministry environment.
09:24This body will be the main driver
09:26of the digital transformation of the ministry
09:28by focusing on the development of digital technology
09:30and financial intelligence capacity.
09:33Then for the Information Technology and Financial Intelligence Body,
09:38in the Ministry of Finance,
09:40so far we have had what is called
09:46the Central Transformation Office
09:49which holds all the digital technologies
09:55or the digital intelligence and technology centers
10:00in the Ministry of Finance.
10:02It is strengthened into a body
10:05to strengthen the entire digital infrastructure
10:09in the Ministry of Finance
10:11and also anticipate the digitalization
10:16of the entire world and the entire economy
10:19where financial intelligence
10:22not only from the hardware or hardware systems
10:27but also software and especially for intelligence,
10:31analytical data and the ability to continue
10:34to increase our own artificial intelligence capacity.
10:38In a nutshell, based on the Presidential Regulation No. 168 of 2024
10:43on the Ministry of Finance,
10:45the task of the Information Technology and Financial Intelligence Body
10:48has the task of overseeing the development
10:50and management of information and communication technologies
10:53as well as the management of financial information and intelligence data.
10:57Covered by IDX News
11:01On November 5, President Prabowo Subianto signed
11:05the Presidential Regulation No. 158 of 2024
11:09on the Ministry of Finance.
11:11Through this regulation, the President formed a new body
11:14called the Information Technology and Financial Intelligence Body.
11:18The new body will work under the direct coordination
11:22of the Minister of Finance Sri Mulyan Indrawati
11:24and led by a head of the body.
11:26Based on Article 53 of the Presidential Regulation No. 158
11:30the Information Technology and Financial Intelligence Body
11:33has the task of overseeing the development
11:36and management of information and communication technologies
11:39as well as the management of financial information and intelligence data.
11:43The body also has the function of managing technical policies,
11:47planning and development programs
11:49and the management of information and communication technologies,
11:52data management, financial information and intelligence
11:56as well as digital transformation and change management.
11:59According to Sri Mulyani, this body is important
12:01to face the development of global digitalization
12:04and to improve analytical skills
12:07as well as the use of artificial intelligence.
12:11Yes, my colleagues, that was the update about the current position of the APBN
12:15and also the formation of a new body
12:17as well as the structural challenge in the Ministry of Finance.
12:19And we hope once again that the challenges that are being faced
12:22and also the formation of a new body
12:24can increase the performance of the Ministry of Finance
12:27as well as each Directorate General
12:29to then be able to pursue the target that has been set
12:32so that the APBN can remain within a fairly safe limit
12:36and also the bodies can function optimally.
12:40And our investigation is enough information in this segment.
12:42Make sure you are still with us in IDX Precession Closing.