Agustiyanti – State expenditure until May 23 of this year had only reached Rp 400 trillion ($42.4 billion), or just 27.9 percent of the year's target, data from the Finance Ministry showed on Monday.

Capital expenditure realization was also at only 15 percent, or Rp 28.2 trillion, from the total targeted capital expenditure for this year of Rp 188 trillion.

The data showed that state spending so far was largest in the social sector at Rp 20.7 trillion, or 43.3 percent of the total for 2012, at Rp 47.8 trillion. Spending on state personnel had reached Rp 72.6 trillion, or 33.6 percent of the total target of Rp 215.9 trillion for this year.

Energy subsidies disbursed were at Rp 45.5 trillion, or 27 percent of the total allocation for this year, which stands at Rp 168.6 trillion. Fuel subsidies disbursement accounted for Rp 30.5 trillion, or 26.7 percent of the year's allocation, while for electricity it was Rp 14.9 trillion, about 33.9 percent of the total budgeted for 2012.

Agus Supriyanto, the Finance Ministry's director general for treasury, said the fuel subsidy realization only showed what the government had so far paid to state oil and gas company Pertamina.

"This is the realization of what has been paid to Pertamina, but there are some [subsidies] that Pertamina has advanced first but has yet to claim," he said, explaining that actual government spending on subsidized fuel might be higher.