2018 Tax Revenue Target Increased by 9.3 Percent

Economics & Macro

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31/08/2017 16:09 WIB

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Tax Revenue Receipts and Growth 2014-2018

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Tax Revenue Receipts and Growth 2014-2018

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The government targets a 9.3 percent increase in tax revenue next year, lower than this year's 14.6 percent growth. The 2018 State Revenue and Expenditure Budget (RAPBN) targets tax revenue of Rp 1,609.4 trillion, compared to this year's target of Rp 1,472.7 trillion.

The 2018 tax revenue target comprises Rp 1,379.4 trillion from non-oil and gas taxes, Rp 35.9 trillion from oil and gas income tax, and Rp 194.1 trillion from customs and excise duties. The tax ratio is projected at 11.5 percent of the Gross Domestic Product (GDP).

State revenue in 2018 is targeted at Rp 1,878.4 trillion. Taxes account for 85.7 percent of government revenue, while the remaining 14.3 percent, or Rp 267.9 trillion, comes from non-tax state revenue (PNBP).

"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."