JAKARTA. Government claimed to succeed to maintain the deficit of 2016 Revised State Budget to not exceed 2.5% of Gross Domestic Production (GDP). Temporary realization of 2016 Revised State Budget was Rp 307.67 trillion or 2.64% of GDP. The number was not much different with the target of 2016 Revised State Budget that was Rp 296.7 trillion or 2.35% of GDP. As is known, Minister of Finance Sri Mulyani has cut the expenditure budgets of ministries and government institutions by Rp 67 trillion. The policy aimed at anticipating of the tax revenues shortfalls, which amounted to Rp 219 trillion. Sri said that the budget cut, which has been realized 100% by the ministries and state institutions, is the key to control the deficit. “In some institutions, such as Police, the realizations (of budget cut) were more than 100%,” Sri said, Tuesday (3/1).
Cost cutting controlled budget deficit
JAKARTA. Government claimed to succeed to maintain the deficit of 2016 Revised State Budget to not exceed 2.5% of Gross Domestic Production (GDP). Temporary realization of 2016 Revised State Budget was Rp 307.67 trillion or 2.64% of GDP. The number was not much different with the target of 2016 Revised State Budget that was Rp 296.7 trillion or 2.35% of GDP. As is known, Minister of Finance Sri Mulyani has cut the expenditure budgets of ministries and government institutions by Rp 67 trillion. The policy aimed at anticipating of the tax revenues shortfalls, which amounted to Rp 219 trillion. Sri said that the budget cut, which has been realized 100% by the ministries and state institutions, is the key to control the deficit. “In some institutions, such as Police, the realizations (of budget cut) were more than 100%,” Sri said, Tuesday (3/1).