State expenditure in the first half is not matched with the revenue in first semester 2016

State expenditure in the first half is not matched with the revenue.

As a result, the deficit widened to Rp 146.4 trillion, from Rp 84.3 trillion in the first semester 2015 to Rp 230.7 trillion in the first-half of 2016.

Finance Minister Bambang PS Brodjonegoro said the budget deficit in the first half of 2016 at the level of 1.83 percent of the Gross Domestic Product (GDP). As for the budget deficit in half-I in 2015 at the level of 0.73 percent of GDP.

The amount of the deficit mainly comes from swelling of total expenditure, consists of a central government, local governments and transfers to the regions. The amount of funds rose to Rp 113.2 trillion in the realization of the same period last year.

On the other hand, actual revenues in the first half of 2016 is lower Rp 33.2 trillion compared to the same period last year reception.

"Actual receipts in the first half of 2016 reached Rp 634.7 trillion (35.5 percent of the revised budget in 2016), whereas in the first half of 2015 reached Rp 667.9 trillion in receipts (37.9 percent of the revised budget 2015)," he said in a meeting the House of Representatives Budget Committee, Jakarta, Wednesday (20/07/2016).

Meanwhile, expenditures in the first half of 2016 reached Rp 865.4 trillion, or 41.5 percent of the 2016 Revised State Budget target Relisasi shopping in semester-I in 2015 only reached Rp 752.2 trillion, or 37.9 persendari 2015. With the revised budget targets so, said Bambang, an increase in expenditures of Rp 113.2 trillion.

"Dana village is a major cause differences in expenditures. Because the village fund the first half of 2016 would be channeled Rp 26.8 trillion, while the same period last year was only disbursed Rp 7.9 trillion," said Bambang.

The government also has realized the budget income of Rp 276.6 trillion, consisting of domestic financing amounted to Rp 300.9 trillion and foreign financing negative Rp 24.3 trillion. So that the final position of Surplus Funding Budget (Silpa) amounting to Rp 45.9 trillion.

Source: kompas.com