- December 6, 2018
- Posted by: admin
- Category: Daily News
- Finance Minister Sri Mulyani Indrawati has said that 2018’s state revenue will reach an estimated IDR1.94qd, a 18.2% increase y/y from 2017. The 2018 state budget is targeting collections of IDR1.89qd.
- She said the estimated increase was a result of growth in tax revenue (15.2%), customs and excise duties (14.7%) and non-tax revenue (28.4%).
- “We will announce an update for the realization [of revenue]. We have made a calculation for the first week [of Dec 18],” the minister added.
- Under the 2018 state budget, the government planned to spend IDR2.22qd, with a deficit projection estimated at 2.19% of GDP. Based on the initial IDR1.89qd state revenue target, tax revenue was projected at IDR1.62qd.