The Ministry Of Finance Has Stated That The Global Economic Slowdown Is Pressing The Target For Customs And Excise Revenue In 2023

Illustration. (Photo: Doc. Antara)

JAKARTA - The Director General of Customs and Excise at the Ministry of Finance (Kemenkeu) Askolani revealed that the global economic slowdown in reducing the target of customs and excise revenues by 2023 to IDR 303.19 trillion from the realization in 2022 which was valued at IDR 317.78 trillion.

"It is quite challenging the impact of the economic slowdown, especially international trade, which is our concern," Askolani said in a Hearing Meeting with Commission XI of the House of Representatives (DPR), quoted from Antara, Tuesday, February 14.

To pursue the customs revenue target this year or even surpass, he revealed that there are nine policies that will be implemented in 2023, namely encouraging the development of the national logistics ecosystem (NLE), as well as increasing the effectiveness of pre-clearance, clearance, and post-clearance surveillance.

Then, harmonization of policies regarding prohibited goods, optimization of international cooperation, extensification and intensification of excise, arrangement of human resource management, alignment of business processes and information technology, institutional arrangement, and receipt of targeted customs and excise facilities.

He revealed that the target for customs revenue in the 2023 State Revenue and Expenditure Budget (APBN) includes import duties of IDR 47.53 trillion, export duties of IDR 10.21 trillion, and excise duty of IDR 245.45 trillion.

The import duty target decreased from last year's realization of IDR 51.07 trillion, which was caused by fears of a decrease in imports which had implications for import duties.

Meanwhile, the significant decline in the target fee out of the realization of IDR 39.82 trillion is the impact of crude palm oil (CPO) price estimates which will be well below US$1,000 per tonne this year from which it reached more than US$1,400 per tonne last year.

In addition, continued Askolani, there is also the impact of the ban on the export of natural resources that will be implemented limited to downstreaming to have a more significant economic impact.

"By providing added value, of course, it will have wider benefits from industrial workers and others. So it is not only for outgoing duties, but taxes and the economy," he said.