Sri Mulyani Targets 2024 State Revenue of IDR 2,802.3 Trillion, Up 6.2 Percent

Minister of Finance Sri Mulyani. (Photo: Doc. ANTARA)

JAKARTA - The Ministry of Finance (Kemenkeu) is targeting state revenue in the 2024 State Revenue and Expenditure Budget (APBN) of IDR 2,802.3 trillion.

This target is an increase of 6.26 percent compared to state revenue in the 2023 APBN of IDR 2,637.2 trillion.

Meanwhile, the state revenue target is IDR 2,802.3 trillion, consisting of a tax revenue target for the year of IDR 1,988.9 trillion, from the previous IDR 1,986.9 trillion. Meanwhile, the PNPB target for next year has been agreed to be IDR 492 trillion.

Minister of Finance Sri Mulyani Indrawati said that achieving the revenue target for 2024 would be achieved through optimizing and maintaining the investment climate amidst global uncertainty.

Apart from that, Sri Mulyani explained, the tax sector will continue to be encouraged through improved economic performance and the implementation of the Law on Harmonization of Tax Regulations (UU HPP).

Apart from that, the provision of tax incentives is also carried out in a targeted and measurable manner.

“Even the tax base will also be expanded and improved. "The level of tax compliance will continue to be optimized," said Sri Mulyani on the agenda for Submitting DIPA and List of Transfer Allocations to Regions for Fiscal Year 2024, Wednesday, November 29.

Sri Mulyani said that in terms of non-tax state revenue (PNBP), this would also be done by continuing to maintain the quality of public services and environmental sustainability. Because PNBP also comes from natural resources.

PNBP also needs to be improved in terms of governance.

Meanwhile, in terms of government spending, Sri Mulyani said that the DPR had agreed that state spending in 2024 would reach IDR 3,325.1 trillion.

"This means growth of 8.6 percent compared to the 2023 APBN. State spending consists of central government spending of IDR 2467.5 trillion and transfers to regions of IDR 857.6 trillion," she explained.

According to Sri Mulyani, the 2024 state budget is intended to complete infrastructure, accelerate green economic transformation, and support reform of the bureaucracy and state apparatus.

Apart from that, government spending is also aimed at supporting the implementation of general elections and support for Pilkada.

Sri Mulyani estimates that the gross domestic product (GDP) deficit in 2024 will be IDR 522.8 trillion or 2.29 percent of GDP.