Sri Mulyani: High Minerba Commodity Prices Strengthen Smuggling Potential

JAKARTA – The Minister of Finance (Menkeu) Sri Mulyani found that the potential for smuggling crimes was increasing along with the increase in the price of mineral and coal commodities (minerba).

"This situation adds to the concern that violations of good governance, namely in the form of smuggling, under-invoicing, and tax violations will become very large," she said through a virtual channel on Tuesday, March 8.

According to the Minister of Finance, the increasingly passionate mineral and coal sector is reflected in the collection of revenues recorded by the state. She said, throughout 2021 the value of mineral and coal revenues reached IDR 124.4 trillion, which was obtained from taxes, export duties, and non-tax tax revenues (PNBP).

“This is the highest acceptance in the last five years. Of course, the increase in the price of mineral and coal commodities will make a big contribution," she said.

For that, the treasurer expressed his appreciation to the various ministries and institutions that supported the initiation of the formation of the Mineral and Coal Information System (Simbara).

"This is one of the real reasons why we need to organize ourselves between ministries and institutions," said the Minister of Finance.

To note, the smooth performance of minerals and coal also continued until the beginning of this year. This can be seen from the tax revenue book in January 2022 which grew 59 percent year on year (yoy) to IDR 109 trillion.

Then customs and excise increased 99.4 percent yoy to IDR 24.9 trillion and PNBP which rose 11.4 percent yoy to IDR 22 trillion.