Indonesia hopes to reach 2021 tax collection target – finance minister

Indonesia hopes to reach 2021 tax collection target – finance minister

The higher revenues are a step toward fiscal consolidation by 2023, she said. “This reflects an economic recovery where businesses can now pay taxes again as their activities improved,” Sri Mulyani told the virtual briefing, added that higher commodity prices had also helped increase the amount of tax collected. The government is aiming to bring down the fiscal deficit to below 3% of GDP in 2023 to comply with current law.

Register now for FREE unlimited access to reuters.com That was a rise of 15.3% from the same period last year.

Register Indonesia is targeting tax revenues of 1,444.5 trillion rupiah ($101.26 billion) this year and the government had collected 953.6 trillion rupiah, or 78% of the target, by the end of October, Sri Mulyani said.

Full-year economic growth in 2021 is expected to be between 3.5% and 4%, compared to an earlier estimate of 4% growth. Third-quarter growth came in below expectations at 3.51% due to COVID-19 curbs in July and August, but Sri Mulyani said consumption was improving as the government eases mobility restrictions. “Our budget condition is very good, so we may not do pre-funding, but we are not closing the door to this option,” he said.

Finance Ministry senior official Luky Alfirman told the same briefing that the revenue collection might mean Indonesia will not have to sell bonds this year to finance the 2022 budget. The deficit was 3.29% of GDP in January to October, Sri Mulyani said. The government is targeting a 5.7% of GDP deficit for 2021.

The News Highlights

  • Indonesia hopes to reach 2021 tax collection target – finance minister
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Yeager airport employees look for new terminal with money for infrastructure
Yeager airport employees look for new terminal with money for infrastructure
Keller also said the airport is conducting a study into how a new terminal and control tower would look and be built on the property, as the airport plans to ...
REAL PICTURE LEAKAGE from Google Pixel Watch, NEW Apple Watch changes and more!  (video)
REAL PICTURE LEAKAGE from Google Pixel Watch, NEW Apple Watch changes and more! (video)
Days later, someone tried to break into her phone to remove the two-factor authentication checks and she got the typical emails. She unsuccessfully tried to ...
Noah Emmerich (The Walking Dead) is back
Noah Emmerich (The Walking Dead) is back
Dr. Edwin Jenner The Walking Dead In the bonus scene from World Beyond, we saw old videos of Jenner being downloaded onto a laptop. Although these videos ...
The December PS5 patch has been released and patch notes have been revealed
The December PS5 patch has been released and patch notes have been revealed
PS5 system update 21.02-04.50.00, as it’s officially dubbed, “improves system performance.” How it exactly improves system performance, the patch notes don’t ...
Russia to consider the fate of crypto-chatters in 2022
Resist FOMO. An asset manager built an ETF for ‘genuine investments’ in that market avoids quirks like encryption and meme stocks.
“Waste is an incredibly unsexy industry,” he said. “Who would want to invest in a waste company when they can invest in a bitcoin mining company generating ...
Frogwares' best-selling game of all time is 'Sherlock Holmes Chapter One'
Frogwares’ best-selling game of all time is ‘Sherlock Holmes Chapter One’
The pulse of local life, however, strikes a more foreboding beat underneath the island’s bright metropolitan façade. Corruption and crime, as well as a ...
The Crypto Daily - Movers and Shakers - April 2, 2021
Banks unprepared for encryption-based payments
That’s true even though the scope of crypto’s impact is not confined to the industries that agency oversees, he added. But when you have a technology like ...
Nearly 70 ICU doctors at the Spanish hospital tested positive for Covid after the Christmas party
Nearly 70 ICU doctors at the Spanish hospital tested positive for Covid after the Christmas party
Health authorities in Andalusia have recommended staff at other public and private hospitals do not attend Christmas parties. “We must not lower our guard,” he ...
A car theft suspect was arrested in North Carolina after leaving "selfies" on the victim's phone
A car theft suspect was arrested in North Carolina after leaving “selfies” on the victim’s phone
Tips to IMPD revealed a suspect name and information that he may be in North Carolina. IMPD then alerted law enforcement agencies in North Carolina. On Nov. ...
Japan's financial regulators may propose legislation in 2022 inhibiting the issuance of stablecoin
Japan’s financial regulators may propose legislation in 2022 inhibiting the issuance of stablecoin
For example, USD Coin (USDC) issuer Circle plans to become a crypto bank chartered in the United States amid a regulatory crackdown. While operating as ...
Show next
We will be happy to hear your thoughts

      Leave a reply

      Compsmag - Latest News In Tech and Business
      Logo