Jakarta (ANTARA News) - The realization of state revenues and grants in 2011 reached Rp1,199.5 trillion, accounting for 102.5 percent of the target of Rp1,169.9 trillion set under the revised 2011 state budget, Finance Minister Agus Martowardojo said.

The figure rose by Rp204.2 trillion or 20.5 percent from Rp995.3 trillion the year before, he said in his report on economic conditions here on Thursday.

The increase was fueled among others by tax receipts which reached Rp872.6 trillion or 99.3 percent of the target of Rp878.7 trillion, he said.

Compared to 2010, the 2011 tax receipts increased by Rp149.3 trillion or 20.6 percent, he said.

The minister said the ratio of tax to gross domestic product (GDP) or tax ratio reached 12.3 percent, up by 1 percent from 11.3 percent a year earlier.

The positive performance was the result of stable macro economic conditions, improving tax administration, and tax extensification and intensification programs, he said.

"We will take corrective measures ahead. With the better support, we will be able to achieve the target of tax receipts, particularly value added tax revenues," he said.

The realization of non-tax state revenues in 2011 reached Rp324.3 trillion or 113.2 percent of the target of Rp286.6 trillion set under the revised 2011 state budget, he said.

The figure increased Rp55.4 trillion or 20.6 percent from the realization of non-tax state revenues in 2010 which stood at Rp268.9 trillion, he said.

"The targets of almost all types of non-tax state revenues were exceeded," he said.

Meanwhile, the realization of state revenues from grants stood at Rp2.6 trillion, accounting for 55.4 percent of the target of Rp4.7 trillion. The figure was 14.6 percent lower compared to 2010 when it was Rp3 trillion, he said.
(Uu.S012/H-NG)

Editor: Priyambodo RH
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