Indonesia's State Revenue Reaches Rp215.5 Trillion in January 2024

Economics & Macro

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Cindy Mutia Annur 23/02/2024 17:01 WIB

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According to the Ministry of Finance's report, state revenue reached Rp215.5 trillion in January 2024.

Indonesia's State Revenue Realization (January 2023-January 2024)

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Indonesia's State Revenue Reaches Rp215.5 Trillion in January 2024

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Indonesia's State Revenue Realization (January 2023-January 2024)

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According to the State Revenue and Expenditure Budget (APBN) report from the Ministry of Finance (Kemenkeu), state revenue reached Rp215.5 trillion in January 2024.

This figure represents only 7.7% of the total revenue target in this year's APBN, which is Rp2,802.3 trillion.

State revenue realization in January 2024 decreased by 7.2% year-on-year (yoy), due to a decline in all groups of state revenue sources, as shown in the graph above.

State revenue comes from three main sources: tax revenue, customs and excise duties, and non-tax state revenue (PNBP).

Throughout January 2024, the largest revenue came from tax revenue at Rp149.2 trillion, while customs and excise revenue reached Rp22.9 trillion, and non-tax state revenue (PNBP) amounted to Rp43.3 trillion.

"If we look at the APBN target, (state revenue realization) is consistent at around 7.5% to 8.8% of the APBN revenue target in January," said the Deputy Minister of Finance (Wamenkeu) Suahasil Nazara in an online APBN KiTa press conference on the Kemenkeu YouTube account, Thursday (22/2/2024).

On the other hand, state expenditure realization in January 2024 reached Rp184.2 trillion, or 5.5% of the total budget for this year, which is Rp3,325.1 trillion.

With higher revenue realization compared to state expenditure, the APBN recorded a surplus of Rp31.3 trillion at the beginning of this year.

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."

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Indonesia's State Revenue Reaches Rp215.5 Trillion in January 2024

Indonesia's State Revenue Reaches Rp215.5 Trillion in January 2024

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Indonesia's State Revenue Reaches Rp215.5 Trillion in January 2024

Indonesia's State Revenue Reaches Rp215.5 Trillion in January 2024

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