Domestic Revenue Down, Grants Up 562% Through July 2020
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The COVID-19 pandemic negatively impacted global economic performance, including Indonesia's. One of the consequences was a decline in state revenue within the 2020 State Budget (APBN). Up to July 2020, Indonesia's state revenue reached Rp 922.2 trillion. This figure is down 12.4% compared to the same period in the previous year, which amounted to Rp 1,052.4 trillion.
State revenue comprises tax revenue, non-tax state revenue (PNBP), and grants. Of these three, only grants experienced a significant increase of 561.6%, rising from Rp 371.8 trillion in January-July 2019 to Rp 2,460 trillion. Meanwhile, tax revenue decreased by 12.3% and PNBP decreased by 13.5%.
"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."
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