Minister of Finance Sri Mulyani Indrawati revealed that the state revenue from minerals and coal (Minerba) exceeded the target of the State Revenue and Expenditure Budget (APBN) driven by the Mineral and Coal Information System (Simbara).
Sri Mulyani said that although commodity prices decreased in 2023, state revenues from Minerba reached IDR 172.9 trillion or grew 18 percent beyond the target of the 2023 State Budget. This is supported by the launch of the Mineral and Coal Information System (Simbara).
"The year 2023 at a time when commodity prices fell, and because we have also launched from Simbara earlier, and price volatility certainly affects, we are still able to maintain revenues with a value of IDR 172.9 trillion. This is when commodity prices have started to fall, and this is 18 percent above the APBN target. So this is something very good," he said in the Launching and Socialization of the Implementation of Nickel and Timah Commodities through Simbara, Monday, July 22.
However, Sri Mulyani conveyed that the realization of revenue in 2023 from the Minerba sector decreased when compared to 2022, which realized Rp183.5 trillion.
However, Sri Mulyani still appreciates the performance of Ministries/Institutions (K/L) in maintaining state revenues, especially in non-tax state revenues (PNBP) and to all parties who have adopted and implemented Law Number 9 of 2018 concerning Non-Tax State Revenue (PNBP).
"Therefore, on this occasion, I would like to express my appreciation to Ministries/Institutions that have direct or indirect links to mineral and coal laboration which produces state revenues, both non-tax in the form of royalties and various other cumulants as well as in the form of taxation," he said.
Sri Mulyani revealed that the mineral and coal (Minerba) sector in Indonesia has a vital position in the world's geopolitical constellation to battery raw materials.
"These mineral and coal items in Indonesia now have an extraordinary vital position in the world's geopolitical constellation. Energy transformation, electric transformation, transformation of batteries and these all put Indonesia in an extraordinary strategic position," he said.
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Sri Mulyani said that if Indonesia is able and continues to strive to organize well, it will have a maximum impact and can provide the greatest benefit to the prosperity of the community.
Therefore, Sri Mulyani said, the Ministry/Institutional Coal and Mineral Information System (Simbara) was expanded from just before for coal commodities, now it is added to nickel and tin commodities.
Meanwhile, through the implementation of Simbara, it has provided revenue for state revenue of Rp7.1 trillion, consisting of prevention of illegal mining modes (unlicensed mining) of Rp3.47 trillion, additional state revenue from analytic data and risk profiling from business actors of Rp2.53 trillion, and settlement of receivables from the implementation of the automotic blocking system of Simbara Rp1.1 trillion.
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