Jakarta, The Indonesia Post – Finance Minister Sri Mulyani Indrawati stated that the realization of state revenues reached Rp1,317.2 trillion as of June 2022 from the State/National Budget (APBN) target of Rp1,846.1 trillion, a 48.5 percent increase compared to the same period last year of Rp887 trillion.
“The state budget posture until the end of June is very good and positive,” she said at the State Budget KiTA Press Conference in Jakarta, Wednesday.
Realization of state revenues includes tax revenues of Rp. 1,035.8 trillion, an increase of 52.3 percent from Rp. 680 trillion in June 2021 and PNBP of Rp. 281 trillion.
This tax revenue consists of tax revenues of Rp. 868.3 trillion, up 55.7 percent from the same period last year of Rp. 557.8 trillion and customs and excise of Rp. 167.6 trillion, which was up 37.2 percent from Rp. 122 trillion.
The realization of tax revenue of Rp. 868.3 trillion, which is 58.5 percent of the target of Rp. 1,265 trillion, in detail includes non-oil and gas PPh of Rp. 519.6 trillion or 69.4 percent of the target as well as VAT and PPnBM of Rp. 300.9 trillion or 47.1 percent. from the target.
Then PBB and other taxes of IDR 4.8 trillion or 14.9 percent of the target and Oil and Gas PPh of IDR 43 trillion or 66.6 percent of the target.
This tax revenue performance is influenced by the trend of increasing commodity prices as well as expansionary economic growth and the level of demand that continues to improve both at the same time as a low base in 2021.
In addition, revenue growth is also influenced by the impact of the implementation of the Harmonization of Tax Regulations (UU HPP) and the acceptance of the voluntary disclosure program (PPS).
“Tax revenues are expected to continue to grow in the second semester in line with economic developments,” said Sri Mulyani.
Meanwhile, customs and excise revenues amounted to Rp. 167.6 trillion or 56.1 percent of the target of Rp. 245 trillion, including import duties, which grew 30.5 percent, driven by the trend of improving national import performance, especially the trade and processing sector.
Customs and excise revenues were also driven by excise duty which grew 33 percent due to the effectiveness of tariff policies, the surge in production in March and the effectiveness of supervision.
Export duties (BK) which grew 74.9 percent also boosted customs and excise revenues in line with high commodity prices, increased BK rates for palm oil products and the flush out policy.
Finally, for PNBP revenues of Rp. 281 trillion, which is 58.3 percent of the target of Rp. 335.6 trillion, it is supported by increased revenues from all PNBP components except for Business Service Entities (BLU). (mhn/bbs)
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