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State revenue stands at Rp 350.1 trillion in Q1
The figure is an increase of 4.9 percent from the same period last year.
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The Taxation Directorate General building in Jakarta. (kontan.co.id/File)
T
he government has collected Rp 350.1 trillion (US$24.87 billion) in revenue in the first quarter of 2019, the Finance Ministry announced on Monday.
The figure is an increase of 4.9 percent from the same period last year, 16.2 percent of the annual state revenue target of Rp 2.16 quadrillion, the ministry said in its monthly state budget report.
The revenue consists of tax revenues totaling Rp 279.9 trillion, 15.7 percent of the target, up by 6.7 percent year-on-year (yoy), while non-tax revenue (PNBP) was recorded at Rp 70 trillion, 18.5 percent of the target, down 1.4 percent yoy.
Budget spending amounted to Rp 425.1 trillion in the same period, 18.4 percent of the annual target and up by 7.7 percent yoy.
Given the statistics, the state budget is measured at a year-to-date deficit of Rp 101.96 trillion or 0.63 percent against the gross domestic products, compared to Rp 85.83 trillion deficit in the same period in 2018 or 0.58 percent against the GDP. (bbn)
