Indonesia's COVID-19 Vaccination and Economic Resilience Strategy slide image

Indonesia's COVID-19 Vaccination and Economic Resilience Strategy

Custom and 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 (as of Nov 30) Up to 14 Dec 2022: IDR 198.02 T Import Duty Revenue (as of Nov 30) Export Duty Revenue (as of Nov 30) (16.83%,yoy) Up to 14 Dec 2022: IDR 48.18 T (33.09%,yoy) Up to 14 Dec 2022: IDR 39.17 T (21.65%,yoy) 33.2 16.9 10.8 7.5 8.4 18.2 195.7 167.5 151.1 139.5 45.8 819.5 -49.1 3.9 27.3 38.7 30.4 2019 2020 -8.3 -13.5 33.6 34.4 29.1 3.2 3.3 2021 2022 2019 2020 2021 Growth (%) I Import Duty (IDR Trillion) 2022 Growth (%) 2019 2020 2021 2022 I Export Duty (IDR Trillion) Growth (%) Excise (IDR Trillion) 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. Affected by the improved import performance and underpinned by trade and manufacturing sectors. Source: Ministry of Finance Driven by high commodity prices, the increase in export duty tariffs for palm oil products, and the Flush Out policy. 88
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