Indonesia's State Budget Deficit Reaches IDR 21 Trillion until May 2025

According to a report by the Ministry of Finance (Kemenkeu), Indonesia's State Budget (APBN) in May 2025 showed a deficit of Rp21 trillion.

This APBN deficit is equivalent to 0.09% of the Gross Domestic Product (GDP).

Finance Minister Sri Mulyani stated that this figure is still below the target set in the 2025 APBN Law, which stipulates a deficit limit of Rp616.2 trillion or 2.53% of GDP for this year.

"If we look at the APBN Law, this Rp21 trillion deficit is still very small. However, we will continue to monitor the implementation of the APBN going forward," said Sri Mulyani in a press conference on "Our APBN" on Tuesday (17/6/2025).

She explained that the APBN deficit has a counter-cyclical function, namely supporting the economy that is under pressure and weakening, to minimize its impact on the community.

The Indonesian APBN deficit occurred because state revenue did not offset its expenditure.

Until the end of May 2025, the realization of state revenue amounted to Rp995.3 trillion, equivalent to 33.1% of this year's APBN target.

This revenue came from tax revenue of Rp806.2 trillion (32.4% of the target), and non-tax state revenue (PNBP) of Rp188.7 trillion (36.7% of the target).

Meanwhile, the realization of state expenditure reached Rp1,016.3 trillion (28.1% of the target).

This expenditure consists of central government expenditure, namely ministry/agency (K/L) and non-K/L expenditure amounting to Rp694.2 trillion (25.7% of the target), and transfers to regions of Rp322 trillion (35% of the target).