World

Indonesia's first-quarter budget deficit reaches 0.63 percent

Indonesia's budget deficit in the first quarter of this year totalled 102 trillion Rp (nearly 7.3 billion USD), accounting for 0.63 percent of the national gross domestic product (GDP), according to the Indonesian Finance Ministry.
Jakarta (VNA) - Indonesia'sbudget deficit in the first quarter of this year totalled 102 trillion Rp(nearly 7.3 billion USD), accounting for 0.63 percent of the national grossdomestic product (GDP), according to the Indonesian Finance Ministry.

The first-quarter budget deficit rose slightlycompared to 0.58 percent of the GDP in the same quarter last year, the ministrysaid.

Meanwhile, the target of the budget deficit forthis year is 1.84 percent of the GDP, it added.

Statistics released by the ministry show that the realisation of state revenuesuntil the end of the first quarter reached 350.1 trillion Rp, up 4.9 percentyear-on-year.

The state revenues were mostly fueled by taxreceipts which reached nearly 250 trillion Rp, up 1.82 percent.

Meanwhile, customs and excise receipts jumped 73percent to 30.97 trillion Rp.

However, due to a shortfall in oil and commodityprices in the first quarter of 2019, non-tax state revenues fell 1.47 percentto 70 trillion Rp.

The central government's spending rose 11.4percent to 260.7 trillion Rp while the transfer of funds to regions and villagefunds reached 191.33 trillion Rp, up 3 percent.

Social aid rose 106.6 percent to 36 trillion Rpor 38 percent of the ceiling of the social aid set forth in the 2019 statebudget at 224.41 trillion Rp.-VNA
VNA
#Indonesia's budget deficit #Indonesian Finance Ministry #Indonesia's target of the budget deficit for 2019 #Indonesian rupiah #Vietnamplus #Vietnam News Agency Indonesia
Follow VietnamPlus

Related News

Thailand, Indonesia, Malaysia to trim rubber exports

Thailand, Indonesia, Malaysia to trim rubber exports

Three large producers of natural rubber in Southeast Asia, namely Thailand, Indonesia, and Malaysia, have agreed to cut down rubber exports by some 200,000-300,000 tonnes to tackle the decreasing price of the commodity.
Indonesia threatens to ban some European goods

Indonesia threatens to ban some European goods

The Indonesian government will boycott planes, vehicles and other products from the European Union if it bars the country’s crude palm oil (CPO) from being used as raw material for bio-fuel, a senior minister said on March 20.
Indonesia aims to attract 7.7 billion USD into special economic zones

Indonesia aims to attract 7.7 billion USD into special economic zones

Indonesian President Joko Widodo on April 1 inaugurated three special economic zones (SEZs) covering 2,200 ha of land in the provinces of East Kalimantan, North Sulawesi, and North Maluku in a bid to attract investment and spur economic growth in less-developed areas of the country.

See more

Fitch downgrades Philippines’ outlook to ‘negative’. (Illustrative photo: Reuters)

Fitch downgrades Philippines’ outlook to ‘negative’

The Outlook revision reflects rising risks to the Philippines' strong medium-term growth prospects from recent disruptions to public investment, exacerbated in the near-term by elevated exposure to the ongoing global energy shock.

The Singapore Maritime Technology & Research Roadmap is aimed at advancing the sector’s efficiency and sustainability. (Photo: businesstimes.com.sg)

Singapore unveils new roadmap to boost innovation in maritime sector

The Singapore Maritime Technology & Research Roadmap is aimed at advancing the sector’s efficiency and sustainability. It highlights priorities – including digital technologies, decarbonisation and operational integration – to boost resilience, productivity and innovation in Singapore’s maritime ecosystem. It also addresses structural issues such as manpower, land and sea space limitations.

Malaysia considers establishing strategic petroleum reserve

Malaysia considers establishing strategic petroleum reserve

Malaysia, which was previously a net exporter, has now become a net importer due to declining domestic production and rising consumption, with demand estimated at around 800,000 barrels per day compared to production of about 400,000 barrels per day.

Indonesia to halt diesel imports from July

Indonesia to halt diesel imports from July

The move is part of the Indonesian Government’s efforts to strengthen national energy independence by utilising palm oil as an alternative fuel, said Agriculture Minister Andi Amran Sulaiman.

Malaysia’s growing microplastics crisis is largely self-inflicted, driven by domestic waste, weak recycling practices and everyday plastic use, said experts. (Photo: New Straits Times)

Malaysia seeks solutions to microplastic crisis

Microplastics originating from domestic waste and wastewater are increasingly entering the food chain, posing serious threats to seafood safety and the livelihoods of coastal communities.

The new mass emergency alert system SG Alert, which will be used during emergencies such as major fires, chemical or terror incidents, seen on an Apple and Android device on Apr 17, 2026. (Photo: CNA)

Singapore launches new national emergency alert system

SG Alert in Singapore uses cell broadcast technology, enabling alerts to be delivered within seconds without requiring mobile data or collecting personal information. Unlike conventional SMS, which may be delayed during network congestion or depend on internet connectivity, the system ensures fast and reliable message delivery. Alerts can be sent islandwide or targeted to specific affected areas.