Indonesia's COVID-19 Vaccination and Economic Resilience Strategy
Revenue Collection Continued To Strengthen
Supported by high commodity prices, stronger economic activity and gain from the recent tax reforms
Strong Recovery in Revenue Collection
0.3%
7.4%
-12.0%
41.9%
1,634.4
1,217.8
1,072.1
1,151.5
2019
2020
2021
2022
Realization
Growth (y-o-y)
The strong tax revenue collection in January-Dec 14th 2022 was
largely contributed by:
The trend of increasing commodity prices;
Expansive economic growth;
Low base in 2021 due to fiscal incentives;
Impact of the implementation of the HPP Law.
■ The best performing sectors in the economy (i.e. manufacturing,
trade, and mining) are also translated into the tax revenue and
recorded the highest growth among sectors.
Much improved economic recovery and activities are also
reflected in all sectors of tax receipts, which significantly grew
higher compared to the same period last year.
Performance (cumulative growth y-o-y)
Jan-14 Dec 2021 Jan-14 Dec 2022
Strong Performance In Tax Collection Across Sectors
135.3%
66.8%
35.1%
17.5%
30.5% 44.9%
27.3%
12.1%
0.1%
9.2%
16.6% 14.9%
20.5%
2.0%
-0.2%
Manufacturing
Trade
Finance
Mining
-6.2%
Construction
Information &
Communication
Transportation
Business Services
Share
29.2%
23.7%
10.9%
8.6%
4.0%
3.8%
3.6%
3.0%
86
Source: Ministry of FinanceView entire presentation