#Amendment to State Budget 2020

Until The First Semester 2020, Tax Revenue Contracted 12%

Jul 10, 2020

Revised State Budget, Tax Target Shrinks to IDR388 trillion

Related to the change of state revenue target, the tax ratio or tax to GDP ratio is estimated to only be 9.14%, lower than the tax ratio target in the 2020 State Budget of 11.56%.The low state revenue is due to various factors, one of which is the tax incentive given in the context of economic stability during the Covid-19 period.

Apr 7, 2020