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State revenue exceeds target set in 2018 state budget: Minister
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Finance Minister Sri Mulyani Indrawati (Antara/Agung Rajasa)
F
inance Minister Sri Mulyani Indrawati has said that this year’s state revenue will reach an estimated Rp 1.94 quadrillion (US$133.39 billion), a 18.2 percent increase over the Rp 1.89 trillion target set in the 2018 state budget.
“It is for the first time that the state revenue will exceed [the target set in] the state budget,” Sri Mulyani said in Jakarta on Wednesday as reported by kontan.co.id.
She said the estimated increase was a result of growth in tax revenue (15.2 percent), customs and excise duties (14.7 percent) and non-tax revenue (28.4 percent).
“We will announce an update for the realization [of revenue]. We have made a calculation for the first week [of this month],” the minister added.
Under the 2018 state budget, the government planned to spend Rp 2.22 quadrillion, with a deficit projection estimated at 2.19 percent of the total spending. Based on the initial Rp 1.89 quadrillion state revenue target, tax revenue was projected at Rp 1.62 quadrillion. (bbn)
