"By the end of the year, the state income could be more than 100 of the target," Sri Mulyani said here on Thursday.
She said state income would be backed up by tax revenues and non tax state revenues , which would increase with the oil price hike.
Until November, 2018, tax revenues already reached Rp1,301.4 trillion or 80.4 percent of the target.
The tax revenues including import duties and excises were 15.3 percent higher than in the same period last year.
During that period, revenue in income tax from non-oil/gas sector and value added tax (VAT) reflected a health economic growth.
Income tax from non-oil/gas sector reached Rp591.6 trillion or 72.4 percent of the target and value added tax reached Rp459.9 trillion or 84.9 percent of the target.
Sri Mulyani said revenues in income tax from the non-oil/gas sector and VAT income grew 15 percent and 14.1 percent respectively from the same period last year.
"The rising trend in the past several weeks is expected to continue until the end of the year," she said.
Realization of non tax state income has even exceeded the target of Rp275.4 trillion as the world`s oil price already exceeded the target set in the state budget .
Realization of income from the non tax state income already reached Rp342.5 trillion or an increase of 20.4 percent from November 2017.
Reporting by Satyagraha, Albert Saragih
Editing by Fardah
Reporter: Antara
Editor: Andi Abdussalam
Copyright © ANTARA 2018
