JAKARTA - The DKI Jakarta Provincial Government has explained the performance of the regional income and expenditure budget (APBD) for the 2025 fiscal year. In the realization of tax revenue, there is one type of local tax whose receipt has declined, namely the right to land and building (BPHTB).
In 2025, the realization of BPHTB in Jakarta was only 57.98 percent or worth Rp. 6.01 trillion from the target of Rp. 10.37 trillion. This BPHTB collection achievement is the lowest compared to the realization of other types of taxes that are above 70 percent to more than 100 percent.
Head of the DKI Jakarta Regional Revenue Agency (Bapenda) Lusiana Herawati admitted that her party had traced the cause of the decline in BPHTB revenue in Jakarta. It turns out that this happened because the sale of properties throughout 2025 was sluggish.
"Why BPHTB in DKI Jakarta has not been achieved, this has a very significant impact (on) the decrease in property sales in the DKI Jakarta Province," said Lusiana at the DKI Jakarta City Hall, Wednesday, January 21.
Lusiana admitted that currently many developers are changing their business strategies due to the decline in people's purchasing power. Changes in schemes from sales to rentals have a direct impact on regional revenue.
"If the developers originally built apartments that were originally intended to be sold, because the people's purchasing power to buy properties has decreased, so now it is rented," said Lusiana.
So, according to him, the income from property rentals no longer goes into the DKI Jakarta Provincial Government's cash. He emphasized that the weakening of the property market was the main factor that caused the BPHTB target to be missed throughout 2025.
"Because it is rented, it does not go back to the local government, because it is an income from the central government, namely the rental tax. So this happens because the property market is very down, so that BPHTB is not achieved," explained Lusiana.
However, Lusiana emphasized that the realization of regional revenue in Jakarta as a whole remained maintained amid economic dynamics. He said that revenue trends were still growing despite facing a number of challenges.
DKI Jakarta's regional original revenue (PAD) target for the 2025 fiscal year is set at IDR 54.199 trillion. By the end of the year, the realization reached IDR 51.125 trillion or equivalent to 94.33 percent of the target.
Lusiana explained that the largest contribution to PAD still came from local taxes and local levies. These two posts contributed Rp. 45,949 trillion or about 88.97 percent of DKI Jakarta's total PAD.
"The realization of PAD in 2025 increased by 383.732 billion or 0.76 percent. For local original revenues, if we compare from 2024 and 2025, there is an increase of 9.57 percent," he explained.
Regarding tax performance, Lusiana said that regional tax revenue throughout 2025 remained above 90 percent. Total tax revenue was recorded at Rp. 43.98 trillion or equivalent to 91.63 percent of the target.
During 2025, the DKI Jakarta Provincial Government allocated fiscal incentives or tax expenditures of IDR 7.14 trillion throughout 2025. This policy is claimed as part of efforts to maintain the recovery and sustainability of the regional economy.
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