Jakarta, The Indonesia Post – Minister of Finance Sri Mulyani Indrawati aims for state revenues in the 2024 Draft State Revenue and Expenditure Budget (RAPBN) to increase by IDR 21 trillion to IDR 2,802.3 trillion from IDR 2,781.3 trillion in the Working Meeting with the DPR RI Budget Body (Banggar).
“With this increase, we will get 21 trillion as additional revenue in our RAPBN posture,” said Sri Mulyani in Jakarta, Thursday.
In the meeting discussing changes to the draft APBN posture, he explained that the increase in target consisted of IDR 2 trillion in tax revenue obtained from changes in macroeconomic assumption indicators and the implementation of the Law on Harmonization of Tax Regulations and IDR 19 trillion from changes in the non-tax state revenue (PNBP) target. 2024.
Thus, the total tax revenue target which was previously projected to reach IDR 2,307.9 trillion has now increased to IDR 2,309.9 trillion.
The tax revenue target consists of assumptions about tax revenues, especially VAT and PBB, which will increase from IDR 1,986.9 trillion to IDR 1,988.9 trillion, and customs revenues of IDR 321 trillion.
Then, the 2024 PNBP target which increased by IDR 19 trillion to IDR 492 trillion from IDR 473 trillion consists of PNBP originating from oil and gas natural resources which increased by IDR 5.2 trillion, and an increase in PNBP originating from non-oil and gas sources amounting to IDR 13.8 trillion.
Apart from that, the Minister of Finance also explained two indicators of the changed macroeconomic assumptions of the 2024 RAPBN, namely the petroleum production (lifting) target which became 635 thousand barrels per day from the previous government proposal of 625 thousand barrels and the increase in the Indonesian Crude Price (ICP) price assumption to 82 US dollars from 80 US dollars.
Meanwhile, other macroeconomic assumption indicators have not changed, namely economic growth of 5.2 percent; inflation 2.8 percent; 10-year SBN interest rate at 6.7 percent; and the rupiah exchange rate of IDR 15 thousand per dollar.
Meanwhile, Chairman of the DPR RI Budget Agency Said Abdullah said the change in the assumption of the oil lifting target was a request from the DPR. The reason is that the DPR RI wants the oil production target in 2024 to be increased so that the government can encourage greater investment in the upstream sector.
“That way, the government will have a thicker wallet, stronger foreign exchange, and our oil reservoirs will be bigger to protect the people,” he said. (mhn/bbs)
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