Pengakuan Menkeu: Kenaikan Excise Cigarette Bakal Gerus Kembangan Ekonomi Dan Kerek Inflasi, Segini Angkanya!

Illustration (Photo: Doc. Antara)

JAKARTA - The government through the Ministry of Finance admits that the decision to increase tobacco excise duty (CHT) starting in 2023 will put pressure on the national economy.

This was revealed when the Minister of Finance (Menkeu) Sri Mulyani gave a presentation in a working meeting with Commission XI of the DPR today. According to him, the increase in CHT will have a direct impact on the macro indicator sector, namely inflation and economic growth.

The state treasurer explained that the increase in cigarette excise tax next year is believed to increase national inflation by 0.1 percent to 0.2 percent.

"The impact of this inflation is very limited," he said at the Senayan Parliament Complex, Jakarta on Monday, December 12.

The state treasurer also revealed that the increase in CHT levies could slow Indonesia's economic growth by 0.01 percent to 0.02 percent.

"The impact on economic growth is also very minimal," he said.

In general, the Minister of Finance stated that the policy of increasing the CHT by an average of 10 percent starting next year has the opportunity to bring in state revenues of IDR 232.58 trillion.

VOI noted, in the 2023 State Budget Law, the government set an economic growth target of 5.3 percent and inflation was maintained at the level of 3.6 percent.