State Revenue Reaches IDR 1,000 Trillion In Four Months, Equivalent To 40 Percent Of State Budget Ceiling

The realization of state revenue recorded in the APBN continues to show a steady performance ahead of the middle of the year. Most recently, the Minister of Finance (Menkeu) Sri Mulyani reported that the amount of state revenue that was collected until April 2023 was IDR 1,000.5 trillion.

This figure grew 17.3 percent compared to the April 2022 achievement which at that time was IDR 853.2 trillion.

"The state revenue has reached 40.6 percent of the APBN ceiling set at Rp2,463 trillion," he said online to reporters, Monday, May 22.

The Minister of Finance detailed that state revenues were contributed by three sectors of revenue. First, tax revenue with a realization of Rp688.1 trillion or 40.1 percent of the target of Rp1,718 trillion.

Second, customs and excise revenues of IDR 94.5 trillion equivalent to 31.2 percent of the APBN target of IDR 303.2 trillion.

Then the third is non-tax state revenue (PNBP) collected IDR 217.8 trillion or 49.3 percent of the target of IDR 441.4 trillion.

"Tax revenues grew 21.3 percent year on year (yoy) in April 2023. Meanwhile customs and excise contracted minus 12.8 percent, influenced by lower import duty and excise revenues, but import duties still showed positive performance," he said.

"Then the realization of PNBP still grows, both 22.8 percent year on year, which comes from the increase in non-oil and gas natural resource income, separated state wealth income, and income from the Public Service Agency (BLU)," continued the Minister of Finance.

Meanwhile, the state expenditure side as of last month was recorded at IDR 765.8 trillion. This result makes the APBN a surplus of IDR 234.87 trillion or equivalent to 1.12 percent of the gross domestic product (GDP).