Babel Provincial Government Targets IDR 1 Trillion Of Tin Revenue Sharing Revenue

Head of the Regional Finance Agency (Bakuda) Bangka Belitung, M Haris (ANTARA/Kasmono)

JAKARTA - The Provincial Government of the Bangka Belitung Islands (Babel), is targeting revenue for the proceeds from the sale of tin seeds from PT Timah Tbk in 2024 to reach Rp1 trillion.

"We hope that this target can be achieved even though it depends on the volume of tin mineral production sold in the global market by PT Timah," said Head of the Regional Finance Agency (Bakuda) Bangka Belitung, M Haris who is also the Acting Regent of Bangka as reported by ANTARA, Thursday, May 2.

The profit sharing funds from the mineral and coal aid sector (minerba) compiled by the provincial government, said M Haris, will be distributed back to tin seed producing districts or cities with a total of three percent.

"Danan bagi hasil mineralba sangat membantu meningkatkan pertumbuhan pembangunan di daerah," katanya.

He advised local governments at the district or city level not to depend on revenue from profit sharing, but must be able to explore potential in their respective regions.

M Haris assessed that the Attorney General's Office confiscated a number of smelters in the area due to tin commodity cases did not have a direct impact on regional income.

"The confiscation of smelters will not have a direct impact on regional income, because regional income is collected from various tax sectors," he said.