Indonesia`s state revenues reach 33.4 percent of target as of May

Jakarta (ANTARA News) - Indonesias state revenues reached Rp584.9 trillion as of May 2017, accounting for 33.4 percent of the target of Rp1,748 trillion for this year, Finance Minister Sri Mulyani Indrawati said.

The state revenues comprised tax receipts valued at Rp463.5 trillion and non-tax state revenues valued at Rp121.4 trillion, the minister said in a working meeting with the House Commission XI at the parliament building to discuss basic assumptions in the budget year 2018 here on Tuesday.

The tax receipts accounted for 30.9 percent of the target and the non-tax state receipts represented 48.6 percent of the target.

Sri Mulyani stressed that the government will make a constant effort to achieve the state revenue target of Rp1,748 trillion for this year by intensifying tax receipts from the non-oil/non-gas sector.

At a working meeting with the House Commission XI on Monday to discuss basic assumptions in the budget year 2018, the finance minister also revealed the tax ratio in the draft 2018 state budget which is projected to reach 11-12 percent of the national gross domestic product (GDP).

Therefore, state revenues from the taxation sector plus non-tax state revenues and grants amounting to 0.05-0.07 percent of the GDP are expected to reach 12.9-14.3 percent of the GDP.(*)

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