TEMPO.CO, Jakarta-The Finance Ministry has made another revision to the 2015 Amended State Budget deficit realization to 2.56 percent of GDP, which is equivalent to Rp292.1 trillion. This was a correction from December 2015's record, which was 2.8 percent of GDP.
Finance Minister Bambang P.S. Brodjonegoro said that the deficit became smaller due to an increase in state revenues and a decrease in government spending, as well as the adjustment in the nominal GDP.
The minister said that the state revenue increase was attributable to an additional tax income over an asset revaluation, amounting to Rp3 trillion, that was not recorded on December 31 last year.
Other contributors to the state revenue increase, he said, are "an additional corporate income tax of Rp2 trillion, ratification grants amounting to Rp7 trillion, and other non-tax revenues and the ratification of the BLU," he said through a written statement on Sunday, January 31, Bisnis Indonesia reported.
Meanwhile, non-ministry/state institution government spending was recorded to have declined significantly, Bambang said. State personnel expense was recorded to be lower by Rp6.6 trillion, mainly due to pension payments and government contributions that were settled by bridging, he said.
Second, non-energy subsidy spending was lower by Rp1.8 trillion, due to—among others—the actual amount of fertilizer subsidy that is lower than estimated. Grant expenditures are lower by Rp1.3 trillion, while other unrealized spending amounted to Rp4.1 trillion.
BISNIS.COM
