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Sri Mulyani: State Revenue Up 48.1% in January 2023

Cindy Mutia Annur 23/02/2023 16:10 WIB

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According to Finance Minister Sri Mulyani Indrawati, state revenue increased by 48.1% year-on-year (yoy) to Rp232.2 trillion in January 2023.

Indonesia's State Revenue Realization (January 2022 - January 2023)

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Sri Mulyani: State Revenue Up 48.1% in January 2023

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Indonesia's State Revenue Realization (January 2022 - January 2023)

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Indonesia's 2023 state budget performance, encompassing both revenue and expenditure (APBN), indicates a strengthening economic recovery. According to a report by the Ministry of Finance, this is reflected in state revenue reaching Rp232.2 trillion in January 2023.

"State revenue increased by 48.1% (year-on-year/yoy) to a figure higher than January 2022's Rp156.7 trillion," stated Finance Minister Sri Mulyani Indrawati in a press conference on the APBN KITA, Wednesday (22/2/2023).

State revenue realization in January 2023 reached 9.4% of this year's APBN target of Rp2,463 trillion.

According to Sri Mulyani, the increase in state revenue in January 2023 stemmed primarily from a 38.9% (yoy) rise in tax revenue to Rp186.3 trillion and a 103% (yoy) increase in non-tax state revenue (PNBP) to Rp45.9 trillion.

Tax revenue comprised Rp162.2 trillion in tax receipts, a 48.6% (yoy) growth, and Rp24.1 trillion in customs and excise duties, which contracted by 3.4% (yoy).

On the expenditure side, state spending reached Rp141.4 trillion in January 2023. This represents an 11.2% increase compared to last year's performance of Rp127.2 trillion.

State revenue in January 2023 exceeded state expenditure. As a result, Indonesia's APBN at the beginning of this year showed a surplus of Rp90.8 trillion, equivalent to 0.43% of Gross Domestic Product (GDP).

Editor : Padjar Iswara

"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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Sri Mulyani: State Revenue Up 48.1% in January 2023

Sri Mulyani: State Revenue Up 48.1% in January 2023

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Sri Mulyani: State Revenue Up 48.1% in January 2023

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