Deficit in State Budget 1.55 Percent of GDP

Jakarta (Antara Bali) - The finance ministry announced that the state deficit by Dec 20 reached Rp128.2 trillion or 1.55 percent of the Gross Domestic Product (GDP).

Deputy Finance Minister Anny Ratnawati said state revenue reached Rp1,247.6 trillion or 91.9 percent of  the target of Rp1,358.2 trillion  and spending totaled Rp1,375.8 trillion or 88.9 percent of the target of Rp1,548.3 trillion.

Last year, spending reached only 86.9 percent of the target set in the state budget, Anny said here on Saturday.

She said tax revenues contributed  Rp943.1 trillion to the state income or 92.8 percent of the target of  Rp1,016.2 trillion set for this year,  and non tax revenues accounted for Rp301.3 trillion  or  88.3 percent of the target.

Spending included  Rp194 trillion for civil servants  or 91.4 percent of the target for the year,  Rp120.7 trillion  on goods or 74.5 percent of the target  and Rp123.5 trillion in capital spending   or  70.2 percent of the target.

Anny said disbursement of  energy subsidy already exceeded the target  with oil fuel (BBM) subsidy totaling Rp186.7 trillion  or 135.9 percent of the target of  Rp137.5 trillion  and electricity subsidy at Rp83.3 trillion  or  128.2 percent of the target of Rp65 trillion. (IGT/T007)