Jakarta, Indonesia Sentinel — Indonesia state budget (APBN) recorded a deficit of Rp371.5 trillion ($22.7 billion), or 1.56% of gross domestic product (GDP), as of September 30, 2025, Finance Minister Purbaya Yudhi Sadewa said on Tuesday.
“As of the end of the third quarter of 2025, fiscal performance remains under control, with the budget deficit at 1.56% of GDP and a positive primary balance,” Purbaya said during the government’s APBN KiTa press briefing for October, as quoted by state news agency Antara.
Government revenue reached Rp1,863.3 trillion ($113.8 billion), or 65% of the 2025 budget target, down 7.2% from Rp2,008.6 trillion in the same period last year. The decline, Purbaya said, was largely due to lower global commodity prices, which weighed on tax revenue from the oil, gas, and mining sectors.
Tax revenue accounted for Rp1,516.6 trillion, or 63.5% of the target, down 2.9% year-on-year.
Within that, income tax collections fell 4.4% to Rp1,295.3 trillion, while customs and excise revenue rose 7.1% to Rp221.3 trillion, equivalent to 71.3% of the target.
“The decline in coal and palm oil prices has slightly constrained corporate income tax and domestic value-added tax receipts,” Purbaya said, noting that the manufacturing and services sectors continued to provide positive contributions.
Non-tax state revenue (PNBP) stood at Rp344.9 trillion, or 72.3% of the target, down 19.8% from last year.
On the expenditure side, government spending reached Rp2,234.8 trillion, or 63.4% of the target, slipping 0.8% from Rp2,251.8 trillion a year earlier.
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Central government spending slowed 1.6% to Rp1,589.9 trillion, with ministry and agency expenditures down 0.3% to Rp800.9 trillion, and non-ministerial spending down 2.9% to Rp789 trillion.
In contrast, transfers to regional governments (TKD) rose 1.5% to Rp644.9 trillion, or 74.6% of the budget target.
“Spending effectiveness is being driven by the implementation of priority programs, social assistance, and infrastructure capital spending,” Purbaya said.
The government also posted a primary surplus of Rp18 trillion, signaling continued fiscal consolidation.
Purbaya emphasized that the fiscal trends demonstrate an adaptive and credible state budget, maintaining a balance between economic recovery support and medium-term fiscal sustainability.
(Raidi/Agung)
