DIGIVESTASI - Prabowo Subianto and Gibran Rakabuming are planned to manage the state budget of IDR 3,613.1 trillion outlined in the 2025 Draft State Budget (RAPBN). Finance Minister Sri Mulyani Indrawati revealed that the 2025 RAPBN is a transitional budget prepared by the current government for the newly elected administration. The structure of next year’s state budget is projected to have a deficit of 2.53%, while state revenue is targeted at IDR 2,996.9 trillion. Compared to this year’s target, the deficit is larger and the revenue is higher than the 2024 State Budget, which reached IDR 2,802.3 trillion.

“Next year, state spending will reach IDR 3,613.1 trillion, while this year it amounts to IDR 3,325.1 trillion,” Sri Mulyani stated during a press conference regarding the 2025 RAPBN at the headquarters of the Directorate General of Taxes on Friday (August 16, 2024). Tax contributions are projected to be IDR 2,490.9 trillion, while Non-Tax State Revenue (PNBP) is targeted at IDR 505.4 trillion. The state spending, which is IDR 288 trillion higher than this year, consists of central government spending of IDR 2,693.2 trillion and transfers to regions (TKD) amounting to IDR 919.9 trillion.

“The deficit posture of the 2025 state budget is IDR 616.2 trillion or 2.53% of GDP,” Sri Mulyani explained. Given that the 2025 RAPBN is part of the transition period, her team will continue to coordinate and communicate to ensure synchronization so that the 2025 RAPBN can accommodate priority programs with the themes of sustainability, acceleration, and strengthening. The government’s focus going forward is to provide fiscal incentives to lagging sectors such as the textile and textile product (TPT) industry, footwear, and rubber.

Sri Mulyani also emphasized the need for affirmations through various fiscal incentives, such as opening industrial zones with subsidies or providing tax incentives, including tax allowances and tax holidays.

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