JAKARTA. Amid the issue of the spread of the Corona Virus Disease 2019 (Covid-19), the government announced the realization of the 2020 State Budget (Anggaran Pendapatan Belanja Negara/APBN).
Until the end of February, APBN 2020 recorded a deficit amounts to IDR 62,8 billion or equivalent to 0.37% of the Gross Domestic Product (GDP), with a state revenue of IDR. 216.6 trillion and state expenditure of IDR. 279.41 trillion.
Based on APBN realization data released by the government, the performance of tax revenue is still very low. This condition has a significant impact on the overall state revenue.
The realization of tax revenue was recorded to have contracted by -4.97% (year on year) with a nominal value IDR 152.92%. However, this condition is better compared to the realization of January 2020 which experienced a deeper contraction of -6.86%.
The biggest contraction occurred in the type of oil and gas Income Tax (Pajak Penghasilan/PPh Migas) in the amount of -36.83% with a nominal value of IDR 6.64 trillion. While Non-oil and gas Income Tax (PPh nonmigas) experienced a contraction of -3.04% or valued at IDR 88.98 trillion.
Despite lower contraction rates, non-oil and gas income tax has the highest level of contribution to total tax revenue. Meanwhile, Value Added Tax (VAT/Pajak Pertambahan Nilai/PPN), which had the second largest contribution, contracted -2.67% with a nominal value of IDR 55.95 trillion. (see table)
|Description||APBN 2020 (IDR Trillion)||Realization (IDR Trillion)||Growth (%)||Accession (%)|
|- Non Migas||872,48||88,98||-3,04|
|PPN dan PPnBM||685,87||55,95||-2,67||8,16|
Source : APBN Kita
PPN : Value Added Tax (VAT)
PPh : Income Tax
PPnBM : Sales Tax on Luxury Goods
PBB : Land and Building Tax
|Types of industry||Realization (IDR Trillion)||Growth (%)||Contribution (%)|
|Financial and Insurance Services||11,8||-4,5||7,5|
|Transportation and warehousing||8,18||2,7||5,5|