State Revenue Reaches Rp1.070 Trillion in May 2022

Economics & Macro

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Cindy Mutia Annur 24/06/2022 12:00 WIB

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Indonesia's state revenue realization reached Rp1,070.4 trillion by May 2022.

Indonesia's State Revenue Realization (May 2021 - May 2022)

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State Revenue Reaches Rp1.070 Trillion in May 2022

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Indonesia's State Revenue Realization (May 2021 - May 2022)

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State revenue realization reached Rp1,070.4 trillion by May 2022, according to a report by the Ministry of Finance (Kemenkeu).

This achievement grew by 47.3% (year-on-year/yoy) compared to the revenue in May 2021, which amounted to Rp726.5 trillion.

State revenue as of May 2022 has reached 58% of the target in the 2022 State Budget (APBN). The target for state revenue in this year's APBN totals Rp1,846.1 trillion.

In May 2022, tax revenue contributed the largest portion to state revenue, namely Rp705.8 trillion. This amount increased by 53.6% (yoy) compared to Rp459.6 trillion a year earlier.

The realization of non-tax state revenue (PNBP) was recorded at Rp224.1 trillion in May 2022, an increase of 33.7% (yoy) compared to Rp167.6 trillion a year earlier.

Furthermore, the realization of state revenue from customs and excise duties was recorded at Rp140.3 trillion, growing by 41.3% (yoy) compared to Rp99.3 trillion a year earlier.

Meanwhile, the realization of state expenditure reached Rp938.2 trillion by May 2022. This value contracted by 0.8% (yoy) from May 2021, which reached Rp945.7 trillion.

The greater realization of revenue than expenditure resulted in Indonesia recording a surplus again in May 2022. The APBN surplus was recorded at Rp132.2 trillion, equivalent to 0.74% of the Gross Domestic Product (GDP).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."