I was trying to execute this SQL statement within my report and I got this error:

Is there any way to improve this query so it fetch data faster?
SELECT bs~bukrs,bs~gjahr, bs~h_monat , bt~mwskz, bs~belnr,
bs~h_bldat, bs~h_budat,bt~hwbas, bt~hwste,
bt~fwbas,bt~fwste
FROM bset AS bt
INNER JOIN bseg AS bs ON
bs~bukrs = bt~bukrs AND
bs~belnr = bt~belnr AND
bs~gjahr = bt~gjahr
INNER JOIN t007a AS t ON
bs~mwskz = t~mwskz
INNER JOIN a003 AS a ON
t~mwskz = a~mwskz
INNER JOIN t683s AS ts ON
a~kschl = ts~kschl
INNER JOIN t030k AS tk ON
ts~kvsl1 = tk~ktosl AND
bs~hkont = tk~konts
WHERE bs~bukrs IN @so_bukrs
AND h_monat EQ @p_monat
AND bs~gjahr EQ @p_gjahr
GROUP BY bs~bukrs,bs~gjahr, bt~hwbas, bt~fwbas,
bs~h_bldat, bs~h_budat, bt~mwskz, bs~belnr,
bt~shkzg,bt~hwste, bt~fwste, bt~mwskz,bs~h_monat
ORDER BY bs~belnr
INTO CORRESPONDING FIELDS OF TABLE @it_alv.
This error says that your database internally ran out of memory while executing your query. This can happen when you JOIN and GROUP with too many tables. It happens because it can require that all those tables plus various intermediate result sets being required to be in memory simultaneously.
The solution would be to move some logic from the database to the application server. JOINS can be simulated by selecting from only one table, doing a LOOP AT over that table, and then SELECTing the corresponding data for each row separately. GROUP BY can be implemented by looping again through those result sets and building the sum table on your own. Both of these techniques will usually be a lot slower than doing these things on the database. But at least they are going to work at all.
However, looking closer at your SQL statement, there doesn't really seem to be a good reason why you are joining the tables T007A, A003, T683S and T030K. Their values don't seem to be used anywhere. They might be needed if you want to use them to exclude any rows which do not have a corresponding row in these tables. But with most of those tables, that should not be happening. So unless you have a good reason for joining these tables, I would try to remove them.