Tobacco Excise Revenue Grew 30.98% in January–April 2022

Economics & Macro

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Dzulfiqar Fathur Rahman 24/05/2022 14:10 WIB

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The Ministry of Finance reported a 30.98% year-on-year (yoy) increase in tobacco excise tax revenue to Rp76.29 trillion in the January-April 2022 period.

Annual Growth of Tobacco Excise Tax Revenue, January-April (2019-2022)

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Tobacco Excise Revenue Grew 30.98% in January–April 2022

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Annual Growth of Tobacco Excise Tax Revenue, January-April (2019-2022)

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According to a report by the Ministry of Finance (Kemenkeu), excise revenue from tobacco products (CHT) increased by 30.98% year-on-year (yoy) to Rp76.29 trillion in the January-April 2022 period.

This growth was slightly slower than the same period in 2021, which reached 34.42% (yoy).

The growth in CHT in January-April 2022 was driven by increased tobacco production and a rise in excise rates.

Overall, the government collected Rp108.4 trillion in customs and excise duties in the first four months of 2022.

This figure marks a 37.7% (yoy) growth from the same period the previous year and has already reached 44.2% of the 2022 State Budget target.

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."