January-September 2017, Customs and Excise Revenue at 55% of Target

Economics & Macro

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04/10/2017 12:49 WIB

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Customs and Excise Revenue: Target and Realization (January-September 2017)

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Customs and Excise Revenue: Target and Realization (January-September 2017)

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Government revenue from customs and excise duties from January to September 2017 reached only 55.11 percent of the target. Based on data from the Directorate General of Customs and Excise of the Ministry of Finance, revenue for the first nine months of the year reached Rp 104.24 trillion, compared to the target in the 2017 Revised State Budget (APBN-P) of Rp 189.14 trillion. However, compared to the achievement in the same period of the previous year, it increased by 1.5 percent.

Excise duty revenue for the January-September 2017 period reached Rp 77.89 trillion, or 50.86 percent of the target of Rp 153.17 trillion. This result is not significantly different from the previous year's Rp 77.77 trillion. Meanwhile, import duty revenue reached Rp 23.8 trillion, or 71.67 percent of the target. Similarly, export duty revenue reached Rp 2.48 trillion, or 92.52 percent of the 2017 APBN-P target.

Total customs and excise duty revenue, plus taxation, in the first nine months of 2017 reached Rp 240 trillion, an increase of 8.67 percent from the first nine months of the previous year.

"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."