2018 State Revenue Reaches Rp 1,936 Trillion: Sri Mulyani

Minister of Finance Sri Mulyani answers questions from reporters after attending Plenary Cabinet Meeting, at State Palace, Jakarta, Wednesday (5/12). (Photo: JAY/PR)

Indonesia 2018 state revenues will reach Rp 1,936 trillion, rising by 18.2% compared to that of last year which only grew by 6.5%, Minister of Finance Sri Mulyani said.

This year’s state revenue also surpasses the figure set at the State Budget at Rp 1,894 trillion, Sri Mulyani said.

For the state expenditure, she added, it is estimated to reach Rp 2,210 trillion, rising by 11% compared to that of last year, which only rose at 6.9%.

“The total amount of 2018 State Budget is estimated to record a deficit of only 1.86%, far lower than the forecast of 2.19%,” the Minister continued.

“State revenues from tax revenues increased by 15.2%, customs revenues increased by 14.7%, and non-tax state revenues increased by 28.4%, respectively. This is the outlook until the end of the year,” Sri said in a press statement after attending Plenary Cabinet Meeting at the State Palace, Jakarta, Wednesday (5/12).

The Minister maintained that this is a good improvement as a capital to face economic uncertainty in 2019, amidst trade war between America and China or the possibility of global economic slowdown. “We should be vigilant,” Sri added.

Regarding the 2019 State Budget, Sri Mulyani said the budget for state expenditure will reach Rp 2,461 trillion, higher than this year’s Rp 2,210 trillion. She added that the Government is focused on how to optimally use the State Budget to maintain similar or even exceed this year’s achievement.

According to the Minister, the Government remains aware of the global condition in terms of exchange rates, interest rates, value of commodity prices, as well as oil and natural resources which will certainly affect the revenues. “We will continue to maintain the State Budget and protect our economy,” said the Minister.

Regarding ministries and institutions that get the biggest budget allocation in the 2019 State Budget, according to Sri, among them are Ministry of Public Works and Public Housing, the Indonesian National Defense Forces (TNI) and the Indonesian National Police, Ministry of Education, Ministry of Transportation, Ministry of Religious Affairs and Minister of Research and Technology and Higher Education. (DNS/FID/ JAY/ES)

Translated by: Estu Widyamurti
Edited by: M. Ersan Pamungkas