Mining and Energy Revenue Reaches Rp172.96 Trillion, Predicted to Exceed 2023 Target

The Ministry of Energy and Mineral Resources (ESDM) reported that the estimated value of non-tax state revenue (PNBP) from Indonesia's mineral and coal sub-sector (minerba) reached Rp172.96 trillion in 2023.

This figure exceeds the 2023 target of Rp146.07 trillion. The PNBP target was set based on Presidential Regulation Number 75 of 2023, enacted on November 10, 2023.

However, compared to the 2022 realization, the estimated PNBP is still lower. PNBP in 2022 reached Rp183.50 trillion. This figure also surged from the planned target of Rp101.84 trillion.

Over the past four years, the highest minerba PNBP was in 2022. The lowest was in 2020, at Rp34.70 trillion. This figure did not exceed its target of Rp35.93 trillion.

In a copy of the Decree of the Minister of ESDM Number 301.K/MB.01/MEM.B/2022 concerning the National Mineral and Coal Management Plan 2022-2027, the government explains the reasons for the 2020 shortfall.

"The decrease in planned and realized PNBP from the previous year occurred in 2020 due to the global Covid-19 pandemic," wrote the Ministry of ESDM in the regulation.

Components of Minerba PNBP

Based on the aforementioned decree, minerba PNBP consists of royalty income, sales of mining products (PHT), fixed contributions, and other PNBP.

Broken down by revenue item, the largest contribution comes from royalty income.

Its value reached Rp29.77 trillion in 2018; Rp25.89 trillion in 2019; Rp20.75 trillion in 2020; Rp43.76 trillion in 2021; and Rp41.14 trillion in July 2022.

The second largest realization was from the sale of mining products. The details are: Rp19.31 trillion in 2018; Rp18.58 trillion in 2019; Rp13.46 trillion in 2020; Rp30.61 trillion in 2021; and Rp40.6 trillion in July 2022.

Below that is fixed contribution revenue. The details are: Rp0.55 trillion in 2018; Rp0.45 trillion in 2019; Rp0.44 trillion in 2020; Rp0.52 trillion in 2021; and Rp0.64 trillion in July 2022.

Meanwhile, other PNBP is only recorded for two years, namely Rp0.5 trillion in 2021 and Rp1.6 trillion in July 2022.

(Read next: [PNBP Subsektor Minerba Indonesia Terbanyak dari Royalti](https://databoks.katadata.co.id/datapublish/2023/08/10/pnbp-subsektor-minerba-indonesia-terbanyak-dari-royalti))