The 2018 tax revenue ratio is projected to reach 10.5% of GDP.

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22/01/2019 20:25 WIB

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The 2018 tax revenue ratio is estimated to reach 10.52% of GDP, based on a preliminary calculation of tax revenue realization of Rp 1,521.4 trillion against a GDP of Rp 14,465.8 trillion.

Tax Revenue and Tax-to-GDP Ratio (1990-2019E)

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The 2018 tax revenue ratio is projected to reach 10.5% of GDP.

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Tax Revenue and Tax-to-GDP Ratio (1990-2019E)

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Indonesia's 2018 tax revenue ratio is estimated at 10.52% of the national Gross Domestic Product (GDP). This figure is derived from the provisional tax revenue realization last year, which reached Rp 1,521.4 trillion, divided by Indonesia's estimated GDP of Rp 14,468.5 trillion. This GDP value is based on the IMF's projection of US$ 1.01 trillion multiplied by the exchange rate of Rp 14,390 per US dollar.

For this year, the tax revenue ratio is projected to increase to 11.16% of GDP. This ratio is obtained from the tax revenue target in the 2019 State Budget (APBN) of Rp 1,786.4 trillion compared to the projected domestic GDP of Rp 16,002 trillion. Based on the IMF's projection, Indonesia's 2019 economy reached US$ 1.07 trillion multiplied by the assumed exchange rate of Rp 15,000 per US dollar.

(Read Databoks: 2030, Indonesia to Become the World's 4th Largest Economy)

"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."