State Revenue Rises, Reaching Rp853 Trillion by April 2022

Economics & Macro

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Cindy Mutia Annur 24/05/2022 12:20 WIB

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According to the Indonesian Ministry of Finance (Kemenkeu), Indonesia's state revenue realization reached Rp853.6 trillion by April 2022. This figure is up 45.9% (year-on-year) compared to April 2021.

Indonesia's State Revenue Realization (April 2021 & 2022)

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State Revenue Rises, Reaching Rp853 Trillion by April 2022

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Indonesia's State Revenue Realization (April 2021 & 2022)

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According to a report by the Indonesian Ministry of Finance (Kemenkeu), Indonesia's state revenue realization reached Rp853.6 trillion (approximately US$57.6 billion) by April 2022.

This figure shows a 45.9% year-on-year (yoy) increase from the same period in the previous year, which amounted to Rp584.9 trillion (approximately US$39.5 billion).

This state revenue realization represents only 46.23% of the 2022 State Budget (APBN) target. The target for state revenue in this year's APBN is Rp1,846.1 trillion (approximately US$124.5 billion).

Up to April 2022, the largest portion of state revenue came from tax receipts, totaling Rp567.7 trillion (approximately US$38.3 billion). This amount increased by 51.5% (yoy) compared to the previous year's Rp374.7 trillion (approximately US$25.3 billion).

Meanwhile, non-tax state revenue (PNBP) reached Rp177.4 trillion (approximately US$12 billion) in April 2022. This represents a 35% (yoy) increase compared to the previous year's Rp131.3 trillion (approximately US$8.9 billion).

Furthermore, state revenue from customs and excise duties reached Rp108.4 trillion (approximately US$7.3 billion). This figure increased by 37.7% (yoy) compared to the previous year's Rp78.7 trillion (approximately US$5.3 billion).

State expenditure reached Rp750.5 trillion (approximately US$50.8 billion) as of April 2022. This value increased by 3.8% (yoy) from April 2021, which reached Rp723 trillion (approximately US$48.9 billion).

Higher revenue than expenditure resulted in Indonesia achieving a budget surplus in April 2022. The APBN surplus was recorded at Rp103.1 trillion (approximately US$6.9 billion), equivalent to 0.58% of the Gross Domestic Product (GDP).

(Also read: Despite Budget Surplus, Many Indonesians View Economic Conditions as Poor)

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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State Revenue Rises, Reaching Rp853 Trillion by April 2022

State Revenue Rises, Reaching Rp853 Trillion by April 2022

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State Revenue Rises, Reaching Rp853 Trillion by April 2022

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