Three Years of Jokowi-JK, Tax Ratio Shows a Downward Trend

Economics & Macro

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20/10/2017 11:35 WIB

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Tax revenue as a percentage of GDP

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Three Years of Jokowi-JK, Tax Ratio Shows a Downward Trend

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Tax Ratio to GDP (2014-2017E)

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Tax revenue as a percentage of Gross Domestic Product (GDP) during the presidency of Joko Widodo and Jusuf Kalla has shown a downward trend. This is evident in the declining tax ratio from 2015 to 2016.

Data from the Ministry of Finance, presented in the 2018 State Budget (RAPBN), shows that the tax ratio in 2014 was 11.36 percent of GDP. However, it fell to 10.75 percent in 2015 and further decreased to 10.36 percent the following year. Meanwhile, the 2017 State Budget targeted a tax ratio of 10.82 percent.

A sluggish domestic economy, coupled with falling prices of Indonesia's main commodities, resulted in weak tax revenue. To boost tax revenue, the government implemented a tax amnesty program, which ran from July 2016 to March 2017. However, after the tax amnesty program ended, tax revenue remained weak. In fact, tax revenue from January to September 2017 only reached Rp 878.86 trillion, or approximately 60 percent of the target set in the 2017 Revised State Budget (APBNP) of Rp 1,472.71 trillion.

"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."