JAKARTA - Minister of Finance (Menkeu) Sri Mulyani acknowledged that state revenue throughout 2020 had a very real difference compared to previous years. In his presentation on the realization of the 2020 State Budget, the Minister of Finance said that almost every state revenue post was under pressure.
"First, there was a decrease in tax revenue with the realization of Rp1,070 trillion, down from the initial target of the year of Rp1,642 trillion or the revised APBN stated in Perpers 72/2020 which amounted to Rp1,198 trillion," he said.
Meanwhile, the reason for the drop in tax revenue was triggered by delays in the income from various economic activities of various industries and economic activities that are the object or subject of taxes. Then, tax incentives in the form of relaxation were also recognized by the former IMF boss as a source of weak revenue from this sector.
The second is in terms of customs and excise, which shot up to IDR212.8 trillion from the initial projection of IDR223.1 trillion. In detail, excise tax fell slightly to Rp. 176.3 trillion from the APBN target of Rp. 172.4 trillion. Then, the international trade tax experienced the same thing with Rp. 36.5 trillion from Rp. 42.6 trillion.
"Excise revenue shows an improved performance supported by excise tariff policies and the eradication of illegal cigarettes," he said.
The third is related to non-tax state revenue (PNBP), which was recorded at Rp. 338.5 trillion or less than the target of Rp. 367 trillion.
"PNBP revenues are experiencing a slowdown, especially in terms of immigration services, the transportation sector, education, and SIM and STNK services," he added.
Fourth, is the revenue side of the grant sector, which increased to Rp. 12.3 trillion from the previous Rp. 500 billion.
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