National Economic Recovery Program Update slide image

National Economic Recovery Program Update

CUSTOM & EXCISE REVENUE REALIZATION SIGNIFICANTLY GREW Driven by the trend of improving national import performance, high commodity prices, increasing export volume, and the effectiveness of tariff policies Excise Revenue 16.0 10.9 8.0 226.9 2.3 195.5 176.3 172.4 Import Duty Revenue Export Duty Revenue 30.6 708.2 20.6 -47.9 21.3 15.2 39.8 51.1 34.6 -4.1 39.1 37.5 -13.5 32.4 3.5 4.3 2019 2020 Excise (IDR Trillion) 2021 2022 -Growth (%) Influenced by the effectiveness of the tariff policy, the surge in production in March (the effect of the increase in VAT rates) and the effectiveness of supervision. Source: Ministry of Finance Note: Realization up to YTD 31 December 2022 (Preliminary) 2019 2020 2021 2022 2019 2020 2021 2022 Growth (%) I Export Duty (IDR Trillion) -Growth (%) I Import Duty (IDR Trillion) Affected by the improved import performance and underpinned by trade and manufacturing sectors. Driven by high commodity prices, the increase in export duty tariffs for palm oil products, and the Flush Out policy. 25
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