Minister of Finance Purbaya Yudhi Sadewa revealed the dynamics of the 2025 State Revenue and Expenditure Budget (APBN) realization, which fell short of set targets. Although the Central Government Financial Report (LKPP) successfully maintained an Unqualified Opinion (WTP) from the Audit Board of Indonesia (BPK), global economic conditions proved to be a crucial factor weighing on the government's financial performance throughout the year.
According to Purbaya, global trade fragmentation and escalating geopolitical tensions disrupted global supply chains and triggered an investment slowdown. This pressure directly impacted state revenue, which was realized at IDR 2,765.13 trillion, or 92.01 percent of the APBN target. Tax revenue was the most severely affected sector, reaching only 89.05 percent of its target due to tax policy adjustments and government efforts to maintain business liquidity through accelerated tax refunds.
On the other hand, Non-Tax State Revenue (PNBP) showed impressive performance, exceeding its target at 105.43 percent. However, the overall revenue shortfall affected state expenditure absorption, which was realized at 94.87 percent. As a result, the budget deficit widened to 2.81 percent of GDP, higher than the initial target of 2.53 percent.
The government emphasized that the national fiscal position remains solid, supported by an Excess Budget Balance (SAL) of IDR 438.26 trillion. As a future mitigation step, the government is committed to accelerating improvements in financial governance, including through the use of National Social and Economic Single Data (DTSEN) and refining fuel subsidy and compensation schemes.
