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Tax Revenues Below Target, Debt Rises

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· 3 minutes read
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Kompas/Bahana Patria Gupta

A worker fills a tank truck with gasoline at the Surabaya Group Fuel Terminal in Surabaya, Monday (19/6). In preparation to anticipate the surge in fuel consumption during the Lebaran homecoming season in all regions, Pertamina Marketing Operation Region V is increasing fuel supplies by 10 percent, adding 43 tank trucks, establishing temporary gasoline stations and preparing non-gas station outlets along the toll road sections still under construction.

JAKARTA, KOMPAS – The Finance Ministry has estimated a shortfall of about Rp 50 trillion (US$3.76 billion) in tax revenues from this year’s target, while state expenditure is estimated to swell by Rp 10 trillion. This will make the deficit larger than the target.

Darussalam from the Danny Darussalam Tax Center said in Jakarta, Tuesday, that despite the larger deficit, tax revenues would be better than last year’s. A shortage of Rp 50 trillion means91.75 percent of this year’s tax revenue target will be achieved.

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