2022 State Budget and Fiscal Incentives Presentation
Most of Sectors Showed An Excellent Performance In 2021
-2.3
-20.0
16.4
TAX REVENUE GROWTH BY SECTORS (% YoY)
Manufacturing
(30.5%)*
*: Share from total
28.0
7.3
3.1
-14.3
-18.9
0.0
18.8
9.2
9.4
4.5
-15.6
-17.7
-20.4
Financial Services Construction & Transportation &
Trade
(22.5%)
& Insurance
(13.3%)
Real Estate
(6.1%)
Warehousing
(4.2%)
59.8
-43.4
Mining
(5.2)
•
Manufacturing and trade sectors have
posted double-digit growth since Q2 20201,
on the back of the recovering global and
domestic demand, which drove an increase
in production, consumption, export, and
import.
Financial Services and Insurance slightly
contracted due to a decrease in the interest
rate and tariff reduction in final income tax
on bond interest.
Construction & Real Estate Sectors grew
positively, supported by the rising number of
construction activities for business as well as
for private houses.
Mining performance showed a strong
recovery due to improving global demand
and rising commodity prices.
The recovery of the Transportation &
Warehousing sector is in line with the
increasing mobility of the people.
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