TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Energy Ministry non-tax revenue jumps 61.45%
Change Size
Energy and Mineral Resources Minister Ignasius Jonan (The Jakarta Post/wienda parwitasari)
T
he Energy and Mineral Resources Ministry recorded a significant annual increase of 61.45 percent in non-tax state revenue (PNBP) to Rp 129.07 trillion (US$9.53 billion) throughout 2017, which accounted for 49.6 percent of the national PNBP figure for the year.
“This achievement shows that the energy and mineral resources sector, besides its role of ensuring an affordable energy supply and domestic added value, also has a great influence on national development and economic growth,” Energy and Mineral Resources Minister Ignasius Jonan said in a statement on Tuesday.
The biggest contribution came from oil and gas, coal and minerals and renewable energy.
The PNBP from oil and gas reached Rp 85.6 trillion in 2017, surpassing the initial target of Rp 76.6 trillion, while, coal and minerals contributed Rp 40.6 trillion compared to the Rp 32.7 trillion target.
The revenue increase from coal and minerals was a result of the government’s decision to relax an export ban on mineral ores in January 2017. Since then, miners have been allowed to export certain commodities, including low-grade nickel ore and washed bauxite, as long as they commit to establishing a smelter within the next five years.
As a result, the ministry was able to book Rp 23.2 trillion in royalties, Rp 16.9 trillion in mining commodities sales and Rp 500 billion in permanent fees.
The PNBP from renewable energy, especially geothermal power, reached Rp 933 billion, surpassing the original target of Rp 671 billion. (bbn)
