Mon, 30 Nov 2020

JAKARTA, Oct. 19 (Xinhua) -- Indonesia's state income was recorded at 1,159 trillion rupiah (some 78.7 billion U.S. dollars) till Sept 30, or 68.2 percent of the 2020 state budget totaling 1,699.9 trillion rupiah, Finance Minister Sri Mulyani Indrawati said here Monday.

According the minister, the state income dropped by 13.7 percent based on the year-on-year (yoy) basis compared to some 91.1 billion U.S. dollars in the same period last year when the income grew by 2.25 percent compared to that in September 2018.

"The state income is still in accordance with what we projected. The income is under pressure because businesses and tax payments are under pressures," Indrawati told a press conference.

The minister pointed out that the state income decreased as the tax revenues contracted by up to 14.1 percent (yoy), namely some 60.6 billion U.S. dollars or 63.5 percent of the target in the 2020 state budget, which was expected to reach about 95.4 billion U.S. dollars.

The minister further said that the state income was also supported by non-tax revenues totaling some 17.7 billion U.S. dollars or 88.7 percent of the target in the 2020 presidential regulation no. 72, namely 19.9 billion U.S. dollars.

In addition, the state income from grants was recorded at some 387.1 million U.S. dollars significantly surpassing the target as stated in the 2020 presidential regulation no. 72, amounting to some 88.3 million U.S. dollars, she added.

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