Indonesia’s state revenue forecast to be 16.3 pct higher than target
Indonesian Finance Minister Sri Mulyani Indrawati has forecast the state revenue in 2021 to grow 16.3 percent year on year to over 1.91 quadrillion IDR (134.6 billion USD), from the target of 1.74 quadrillion IDR.
Jakarta (VNA) – Indonesian Finance Minister Sri MulyaniIndrawati has forecast the state revenue in 2021 to grow 16.3 percent year onyear to over 1.91 quadrillion IDR (134.6 billion USD), from the target of 1.74 quadrillionIDR.
Last year, the realisation of state revenue had reached nearly1.65 quadrillion, or 96.9 percent of the yearly plan and down 15.9 percent from2019.
As of October 2021, state revenue had jumped by 18.2 percentyear on year to total 1.51 quadrillion IDR, Indrawati stated at the recent 2021 CEOforum in Jakarta.
To this end, the minister spoke of the government's intentto pursue the growth projection of 16.3 percent in the state revenue in thelast two months by boosting public consumption and state spending.
The realisation of state spending until October 2021 hadreached close to 2.06 quadrillion IDR, up 0.8 percent year on year andequivalent to 74.9 percent of the plan.
The Indonesian government estimates that this year's statebudget deficit will only be 5.2 percent to 5.4 percent of the gross domesticproduct (GDP), or 873.6 trillion IDR./.
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