JAKARTA (Reuters) – Indonesia has a budget surplus of 107.4 trillion rupiah ($7. 657 1 billion in the January-August period), equivalent to 0.10% its finance minister said on Monday , its gross domestic product (GDP) is 2.10%, while 2021.
Finance Minister Sri Mulyani Indrawati said, however, the government still wants to pay large energy subsidies in the third and fourth quarters of this year.
“We will use all our excellent state revenue,” she told a news conference, referring to subsidized financing.
Indonesia 2022 Energy subsidies are expected to increase by as much as 649 trillion IDR ($49.10 billion), is its original More than triple the budget, despite recent fuel price hikes.
Government revenue growth 10.8% Jan-August period to 1, 764.4 Trillion IDR($116.91 billion), which the minister attributed to high commodity prices and the continued economic recovery from the pandemic.
Expenditure increased by 6.2% year-on-year to IDR 1,657 trillion.
Treasury has sold 65.42 Trillion rupiah worth of low-value local currency bonds returned to the central bank this year, part of the bond sale agreement signed by the two agencies 2021, said Sri Mulyani.
According to the agreement, Bank Indonesia will purchase government bonds worth up to 439 trillion rupiah and 2022.