Finance 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 ...

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