TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati said the state tax revenue as of December 2017 reached Rp1,211.5 trillion or 82.3 percent of the target set at the Revised 2017 State Budget at Rp1,427.7 trillion.
“Therefore, the tax revenue shortfall by the end of this year is estimated between Rp110 trillion and Rp130 trillion,” the minister said in Jakarta yesterday, Dec. 19.
Sri Mulyani admitted that the government would likely to miss the target. However, she expressed an optimism that the achievement could be improved.
Read: Sri Mulyani: Expects Economic Growth to Stand at 505 Percent
According to Sri Mulyani, the government has initiated efforts to boost the state tax revenue by maintaining consistency and discipline in managing state finance and ensuring taxpayers to fulfill their obligations.
She explained that the state revenue deficit could be covered by the state non-tax revenue of Rp34 trillion by the end of this year. However, the minister hopes the tax revenue achievement will be better than last year.
The state non-tax revenue has increased by 108 percent or Rp281 trillion exceeding the target set at Rp260 trillion. “The rise in the state non-tax revenue was due to oil prices that surpassed the assumption,” Sri Mulyani said.
In addition, the realization of grant revenue has increased by 104 percent or Rp4.4 trillion, which is higher than the target set at Rp3.1 trillion. The revenue from customs and excise has reached Rp153.1 trillion, progressing to 80.9 percent from the target set at Rp189.1 trillion. Furthermore, The total state revenue by mid-December reached Rp1,496.9 trillion, or 86.2 percent from the target.
GHOIDA RAHMAH
