State revenues from mineral and coal increase to Rp41.77 trillion

State revenues from mineral and coal increase to Rp41.77 trillion

Director General of Mineral and Coal at the Energy and Mineral Resources Ministry, Bambang Gatot Ariyono (ANTARA FOTO/Aprillio Akbar)

Jakarta, (ANTARA News) - Indonesia`s non-tax state revenues from the mineral and coal sub-sector reached Rp41.77 trillion as of Nov 16, 2018, an official said.

The figure exceeded the target of Rp32.1 trillion set in the 2018 state budget, Director General of Mineral and Coal at the Energy and Mineral Resources Ministry, Bambang Gatot Ariyono, said here on Wednesday.

The non-tax state revenues of Rp41.77 trillion comprised royalties worth Rp24.84 trillion (60 percent), mining product sales worth Rp16.43 trillion (39 percent), and land-related regular contributions worth Rp0.49 trillion (1 percent), he stated.

In 2017, the realization of non-tax state revenues from the mineral and coal sector stood at Rp40.6 trillion, consisting of royalties worth Rp23.2 trillion (57.2 percent), mining product sales worth Rp16.9 trillion (41.5 percent), and regular contributions worth Rp0.5 trillion (1.3 percent).

Ariyono noted that the amount of state revenues from the mineral and coal sector depended on prices and production.

"If the prices and production increase, then the non-tax state revenues will move up accordingly," he added.

He remarked that the government cannot control the prices because they follow the international market.

But the government can control the production of mineral and coal to set the amount of non-tax state revenues from the mineral and coal sector. To set the production, the government has always consulted the Budget Board at the House of Representatives (DPR), he pointed out.

Reporting by Calvin Basuki, Suharto
Editing by Yoseph Haryadi
 

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