JAKARTA: Indonesia's budget deficit last year soared nearly twice from IDR47 trillion in 2010 to IDR84 trillion.
Chairman of the Audit Board of the Republic of Indonesia Hadi Poernomo said the deficit has become wider because of margin national income was smaller than the government spending.
The audit report of Central Government Financial Statements 2011 found revenues grew at IDR175 trillion last year, while spending rose IDR252.88 trillion.
Tax revenue contributed the highest increase of income that grew 20.82% from 2010 to IDR150.57 trillion in 2011.
Hadi added the increase of budget deficit 2011 was followed by debt financing reached IDR131 trillion, up 42.39% from the previous year, which amounted to IDR92 trillion.
Meanwhile, government asset value 2011's audited reached IDR3.023 trillion or IDR600 trillion bigger than a year earlier.
"The asset increase comes from procurement and inventory reassessment of fixed assets from KKKS and IBRA, each valued at IDR81 trillion and IDR38 trillion," he said in the parliament, today.
Poernomo also revealed IDR1.947 trillion of central government obligation by December 31, 2011. The debts were mainly sourced from long-term amounting to IDR1.701 trillion.
On the other hand, the balance budget over the same period was IDR105 trillion in cash and cash equivalents amounting to IDR121 trillion. (aph)
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