FISCAL POLICY
Tax Revenue Set Relatively High
Amidst the threat of inflation and global economic uncertainty, the government and the House of Representatives have set a high target for tax revenue in the draft 2023 state budget.
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Residents shop for basic goods that are sold in low-cost market activities to control food inflation after the increase in fuel oil prices at the Kamboja Field, Central Banjarmasin, Banjarmasin City, South Kalimantan, Thursday (15/9/2022).
JAKARTA, KOMPAS — Amidst the threat of inflation and global economic uncertainty, the government and the House of Representatives have set a high target for tax revenue in the draft 2023 state budget. The target can be achieved only if household spending increases and inflation is kept in check.
Based on the agreed assumptions of the 2023 state budget working team (Panja) from the House Budget Committee (Banggar), the tax revenue target has been set at Rp 2.02 quadrillion (US$135.26 billion), Rp 4.3 trillion higher than the Rp 2.01 quadrillion initially proposed for the draft 2023 state budget
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