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Fiscal Realization and Expenditures Grew Positive Up to April 2019

Jakarta, 17/05/2019 MoF - Minister of Finance Sri Mulyani Indrawati delivered the updates on fiscal and realization budget in the May 2019 State Budget (APBN) Performance and Facts (APBN KiTa) event at the Djuanda I Building Hall Ministry of Finance on Thursday (16/05).

From the fiscal side, up to the end of April 2019 the state's revenue realization reached IDR530.74 trillion or 24.51 percent to the 2019 State Budget target. The achievement was recorded positively by 0.50 percent (yoy), driven by positive tax revenues growth at 4.72 percent.

On the expenditure side, through improving spending patterns to stimulate optimal economy, until the end of April 2019 the state expenditure reached Rp631.78 trillion (25.7 percent of the 2019 State Budget ceiling) or growing 8.4 percent (yoy).

This positive spending is supported by the growth of social assistance spending by 75 percent (yoy) which is expected to increase people's purchasing power as part of a counter cyclical strategy to maintain growth momentum. In addition, this strategy is also supported by Transfers to Regions and Village Funds, which until the end of April 2019 grew 3.9 percent (yoy). (ip/hpy/nr)