2022 State Budget: Fiscal Policy and Structural Reform
ECONOMIC RECOVERY DRIVES A STRONG INCREASE IN STATE REVENUE
REALIZATION
As of November 2021, the revenue shows a strong performance - reconfirm the strong economic recovery
2500
2000
1500
1000
500
ACCUMULATIVE TOTAL REVENUE
(IDR TRILLION)
0
Jan Feb Mar Apr May Jun Jul Aug
Sep
Oct Nov Dec
2019
⚫2020
2021
.
TAXATION AND NON-TAXATION REVENUE PERFORMANCE
Tax Revenue
(IDR TRILLION)
232 +26.6% (yoy)
Custom &
Excise
184
176
383 +25.4% (yoy)
Non Tax
Revenue
305
363
0
200
400
Jan-Nov 2021
600
Jan-Nov 2020
800
Until November 2021, revenue collection keeps showing improvements and outraced the pre-pandemic level in 2019.
•
Customs and Excise grew strongly, mainly supported by increased export volume and rising commodity prices.
•
Non-tax revenue also increased excellently from all the components.
Source: Ministry of Finance
1,083 +17% (yoy)
925
1,136
1,000
Jan-Nov 2019
1,200
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