Indonesia: State revenue exceeds target set in 2018 state budget: Sri Mulyani

  • 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.

External Link: http://www.thejakartapost.com/news/2018/12/06/state-revenue-exceeds-target-set-in-2018-state-budget-minister.html

External Link: https://nasional.kontan.co.id/news/menkeu-untuk-pertama-kali-penerimaan-negara-akan-melampaui-target-apbn

6-Dec-2018


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