Minister Sri Mulyani Indrawati accompanied by High-ranking Officials
of the Ministry of Finance delivered the 2016 Revised State Budget
(APBNP) realization, in the Juanda Hall of the Ministry of Finance,
Jakarta, Tuesday (3/1) afternoon
of Finance Sri Mulyani Indrawati said that despite the macroeconomic
conditions in 2016, both the global economic slowdown and economic
conditions in the country that has not fully recovered, the deficit
of the 2016 Revised State Budget (APBNP) remained under control
at a safe level of 2.46 percent of the GDP or Rp307.7 trillion.
realized temporary deficit is higher than the target in the 2016
APBNP, amounting to Rp296.7 trillion (2.35 percent of the GDP),”
the Minister said at a press conference at the Juanda Hall 1 of the
Ministry of Finance, Jakarta, Tuesday (3/1 ) afternoon.
deficit is the excess of the realized temporary state revenues in the
2016 APBNP worth Rp 1,551.8 trillion (86.9 percent), and the realized
temporary state expenditure amounted to Rp1,859.5 trillion (89.3
detail, the Minister explained that the realized state revenue was
derived from tax revenue amounting to Rp1,283.6 trillion (83.4
percent of the APBNP targets) and Non-Tax State Revenues (PNBP) of
Rp262.4 trillion (107.0 percent of the APBNP target). Meanwhile, the
realized state expenditure comprises central government spending
worth Rp1,148.6 trillion (87.9 percent of the APBNP target) and
transfers to the regions and village funds amounting to Rp710.9
trillion (91.6 percent of the APBNP targets).
it comes to the realized tax revenue that is lower than the target in
the 2016 Revised State Budget, according to Finance Minister Sri
Mulyani Indrawati, it is affected by lower economic growth in 2016
compared with the 2016 Revised State Budget assumptions and commodity
prices which have yet to recover. “However, if compared with 2015,
tax revenue performance in 2016 has increased by 3.5 percent. It is
mainly driven by the tax growth in the non-oil sector of about 14
percent over the previous year,” the Minister said.
mentioned the increase in tax revenue cannot be separated from the
successful tax amnesty program. The revenue of repatriated funds
derived from tax amnesty reached Rp107 trillion. “The outcomes of
tax amnesty program is expected to be able to increase the tax ratio
in the medium term through the increasing tax compliance as well as
the expansion of a more valid, comprehensive, and integrated taxation
data base,” Sri Mulyani said while adding that tax amnesty program
will continue until March 2017.
the other hand, according to the Minister, the realized temporary
spending of the Ministries/Institutions (K/L) reached Rp677.6
trillion (88.3 percent against the 2016 Revised State Budget
ceiling). If compared with the outlook after the savings (including
natural savings), the Minister further explained, the performance of
budget absorption of the K/L reached 100.8 percent. “This
realization is higher than budget spending in 2015 at 92.0 percent,”
the Minister said.
Minister considered that the improvement of the realized expenditures
of the K/L reflects the improvements in the budget implementation
since early 2016. Besides, the performance of budget absorption of
the K/L is also influenced by the policy of accelerated
implementation activities including early auctions which runs
effectively, reflected in monthly improved absorption which is higher
compared with previous years.
Minister added that the realized temporary budget financing reached
Rp330.3 trillion or 111.3 percent of the 2016 Revised State Budget.
Such realized budget financing consists of debt financing worth
Rp393.6 trillion and non-financing debt of minus Rp63.3 trillion.
on the realized temporary budget deficit of Rp307.7 trillion and the
realized temporary budget financing reached Rp330,3 trillion,
according to the Minister, the amount of unused funds (SiLPA) from
the implementation of the 2016 Revised State Budget amounted to
the Government has been able to manage the implementation of the 2016
Revised State Budget in a credible manner through measures to
increase state revenue and expenditure efficiently and effectively in
order to meet national development goals, that is, to realize a just
and prosperous society,” the Minister concluded.
of Public Relations and Information, Ministry of Finance/ES)