State revenues rise 37.7% to Rp302.4 trillion in Feb
Screenshot—Finance Minister Sri Mulyani Indrawati during a press conference on APBN KiTA (Our State Budget) in Jakarta on Monday (March 28, 2022). (ANTARA/Sanya Dinda)
The growth of state revenues is 37.7 percent, or we have collected Rp302.4 trillion.
Jakarta (ANTARA) - State revenues swelled by 37.7 percent to Rp302.4 trillion in February 2022 from Rp219.6 trillion in the year-ago period, Finance Minister Sri Mulyani Indrawati has informed.
“The growth of state revenues is 37.7 percent, or we have collected Rp302.4 trillion,” she said at a press conference on APBN KiTA (Our State Budget) in Jakarta on Monday.
The state revenues included tax receipts worth Rp256.2 trillion and non-tax state revenues valued at Rp46.2 trillion. The tax receipts represented a 40.9-percent increase compared to February 2021, when they were recorded at Rp181.8 trillion.
The tax receipts comprised tax receipts of Rp199.4 trillion, up 36.5 percent from Rp146.1 trillion, and customs and excise receipts of Rp56.7 trillion, up 59.3 percent from Rp35.6 trillion.
The tax receipts accounted for 15.8 percent of the target of Rp1,265 trillion in the state budget.
By February 2022, the tax receipts covered non-oil/non-gas income tax (PPh) of Rp110.2 trillion, or 17.4 percent of the target; value added tax (PPN) and luxury sales tax (PPnBM) of Rp74.2 trillion, or 13.4 percent of the target; land and building tax (PBB) and other taxes of Rp1.5 trillion, or 5.1 percent of the target; and oil/and gas income tax of Rp13.4 trillion, or 28.6 percent of the target.
The tax receipts until February 2022 were attributable to economic recovery, as reflected by good manufacturing purchasing managers’ index (PMI), commodity prices, exports, and imports.
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Meanwhile, customs and excise receipts, which reached Rp56.7 trillion or 23.2 percent of the target of Rp245 trillion, covered import duties, which grew 37.1 percent as a result of the improving national economy and fueled by the trade, processing, and mining sectors.
The customs and excise receipts were also driven by excise, which grew 53.3 percent owing to the implementation of the excise policy, effective supervision, and relaxation of public mobility restrictions.
Export tax, which grew 176.8 percent, also added to customs and excise revenues, along with an increase in crude palm oil (CPO) prices and a rise in copper exports.
The non-tax state revenues, which reached Rp46.2 trillion, up 22.5 percent year-on-year from Rp37.7 trillion, represented 13.8 percent of the target of Rp335.6 trillion.
State revenues swelled by 37.7 percent to Rp302.4 trillion in February 2022 from Rp219.6 trillion in the year-ago period, Finance Minister Sri Mulyani ...
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