Government Happy, Tax Revenue Is Already IDR 970 Trillion: Equivalent To 56 Percent Target

JAKARTA - The government through the Minister of Finance (Menkeu) Sri Mulyani said that tax revenues until June 2023 amounted to Rp970.2 trillion. According to him, this figure grew 9.9 percent compared to the same period the previous year of Rp882.6 trillion.

"Tax revenues until the first semester of 2023 grew positively, mainly supported by economic performance in the first quarter," he told reporters via digital channels, Monday, July 24.

The Minister of Finance explained that the tax fine score in the first half of this year was equivalent to 56.4 percent of the APBN target set at IDR 1,718 trillion.

Furthermore, tax revenue was supported by four main sectors. First, non-oil and gas income tax of Rp565 trillion (64.6 percent of the target), VAT and PPnBM of Rp356.7 trillion (48 percent of the target), PBB and other taxes of Rp7.5 trillion (18.7 percent of the target), and PPh of oil and gas of Rp40.9 trillion (66.6 percent of the target).

"PPh Migas is experiencing a decline in growth (contraction) because commodity prices are also falling," he said.

"In terms of sectoral, the decline in imports is in line with the slowdown in the growth of the manufacturing and trade sectors. At the same time, the mining sector is slowing down due to the decline in commodity prices," continued the Minister of Finance.

To note, tax revenues are one of three elements of state revenue. Meanwhile, two other elements came from customs and excise which recorded a realization of IDR 135.4 trillion (447 percent of the target) and non-tax state revenue (PNBP) with a realization of IDR 302.1 trillion (68.5 percent of the target).