State Budget Performance Improves; Economic Recovery Makes Headway: Sri Mulyani

By : Nata Kesuma | Friday, September 24 2021 - 18:48 IWST

Minister of Finance Sri Mulyani Indrawati/ Photo by: PR of Cabinet Secretariat.
Minister of Finance Sri Mulyani Indrawati/ Photo by: PR of Cabinet Secretariat.

INDUSTRY.co.id - The realization of this year’s State Budget until August 2021 has shown good performance, marked by maintained growth in expenditure realization of Rp1,560.8 trillion or a growth of 1.5 percent, Minister of Finance Sri Mulyani Indrawati has announced.

“It is the people who feel direct impact from the realization of State Budget carried out by the Government,” the Minister said, Thursday (23/09).

In more detail, the realization of ministry/institutions expenditures amounted to Rp255.2 trillion, growing by 60.4 percent.

The growth was dominated by Ministry of Health in COVID-19-related spending, Ministry of Cooperatives and Small and Medium Enterprises in helping business players, especially in micro, small and medium enterprises, Ministry of Public Works and Public Housing in finalizing ongoing projects-related spending, Ministry of Religious Affairs in school operational assistance, and the Palm Oil Public Service Agency (BLU) in helping oil palm farmers.

“In addition, construction of dams is expected to provide support to the agricultural sector. It is the same with the construction of irrigation networks, roads, hospitals, bridges, railway lines,” Sri Mulyani added.

Furthermore, the realization of social protection budget is used for the distribution of social assistance, subsidies, and other Government’s assistance.

As of 31 August, the Staple Food Card program have been distributed to 16.1 million recipient groups, Family Hope Program to 9.9 million recipient groups, Cash Social Assistance to 10 million recipient groups, Pre-Employment Card to 3.6 million participants, wage subsidy for 2.1 million workers, electricity discounts to 32.6 million households of 450VA and 900VA holders, and Village Cash Assistance (BLT) to 5.5 million recipient groups.

In health sector, the State Budget also plays its role in handling COVID-19 and to the recipients of the National Health Insurance (PBI JKN), namely in procurement of 94.5 million doses of vaccine, cash incentives to 941.4 thousand health workers, and dues payment for 96.5 million disadvantaged people.

In energy sector, realization of subsidy spending reached Rp64.1 trillion. This figure is for distribution of 8,848.1 thousand kiloliters of fuel, 4,299.8 million kilograms of LPG, 37.68 million electricity customers, and 36.6 TWh volume of electricity consumption.

“These are all state expenditures that directly give protection to the people,” Sri Mulyani remarked.
 

News Comment

Today's Industry

PT Autopedia Sukses Lestari Tbk (ASLC)

Rabu, 25 Januari 2023 - 09:30 WIB

ASLC Successfully Surpasses 2022 Used Car Sales Target via Caroline.id

PT Autopedia Sukses Lestari Tbk (ASLC), a company engaged in used vehicles auction and trading of used cars, succeeded in selling 2,481 units of used cars through used car dealers under its…

A woman is paying her attention to the Jakarta Composite Index board movement. (Document of INDUSTRY.co.id)

Kamis, 05 Januari 2023 - 22:29 WIB

New Economic Board, GOTO Share Moves Closer to Global Indices

The presence of the New Economic Board on the Indonesia Stock Exchange (IDX) brings many benefits to PT GoTo Gojek Tokopedia Tbk (GOTO). One of them is getting closer to the shares listing of…

PT Alkindo Naratama Tbk (“ALDO”)

Senin, 19 Desember 2022 - 23:51 WIB

ALDO Aims 2023 Sales to Increase More Than Double

PT Alkindo Naratama Tbk (“ALDO”), a listed company engaged in the integrated paper and chemical business are optimistic that the Company's performance in 2023 will improve, in line with…

Lauren Blasco of ACV.

Senin, 19 Desember 2022 - 22:39 WIB

Indonesian Chamber of Commerce and Industry taps AC Ventures’ ESG head to join task force

The Indonesian Chamber of Commerce and Industry (KADIN) recently tapped AC Ventures’ (ACV) Head of ESG Lauren Blasco to join its newly formed ESG task force, an elite group of stakeholders…

The CIP Utilities & Automated Reporting Analytics allows plant managers

Senin, 19 Desember 2022 - 21:50 WIB

Emerson’s New Analytics Software Automates Utilities Monitoring and Reporting for Clean-in-Place Applications

Emerson: Today Emerson announced the release of its new Clean In Place (CIP) Utilities and Automated Reporting Analytics package delivered via PACEdge™ and Movicon™ platforms on an industrial…