Jakarta (Antara) - Indonesia's 2013 state budget is projected to record a deficit of Rp225.5 trillion or 2.41 percent of the gross domestic product (GDP) at the end of this year, Finance Minister Chatib Basri stated. "This year's deficit is still relevant to the target," he noted in a meeting with the House of Representatives (DPR)'s Commission XI, here on Wednesday. The projected deficit is slightly higher than the target of Rp153.3 trillion or 2.38 percent of the GDP set in the revised 2013 state budget. Chatib explained that the deficit forecast is based on state revenues, which are projected to touch Rp1,411.7 trillion or 94 percent of the targeted Rp1,502 trillion, and on state expenditures, which are predicted to reach Rp1,637.2 trillion or 94.8 percent of the ceiling of Rp1,726.2 trillion. As per November 29, state revenues were recorded at Rp1,224 trillion and state expenditures, at Rp1,386.8 trillion. The state revenues and expenditures account for 81.5 percent and 80.3 percent respectively, of the target or ceiling set in the revised 2013 state budget. The minister also added that by the end of this year, the tax receipts are projected to reach Rp1,061.6 trillion, or 92.4 percent of the target of Rp1,148.4 trillion set in the state budget. "The lower-than-projected tax receipts in 2013 will be the result of declining exports. However, the tax receipts can still offset the deficit," he confirmed. Until the end of November 2013, tax receipts had reached Rp936 trillion or 81.5 percent of the target, while tax receipts throughout last year had touched Rp980.5 trillion. (*)

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Editor : Tunggul Susilo


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