Why Indonesia's Non-Tax Revenue Surged 41%
The Finance Minister explained the 41% surge in Non-Tax State Revenue despite the government no longer receiving SOE dividends.
Indonesia's Ministry of Finance reported that non-tax state revenue (PNBP) reached Rp435.1 trillion by August 31, 2026, up 41.7 percent from the same period last year's Rp307 trillion. PNBP grew at a faster rate than tax revenue, which increased by 24.1 percent, and customs and excise duties, which grew by 7.8 percent. Finance Minister Suahasil Nazara said that natural resources and non-tax state revenue from separated state assets (KND PNBP) drove the increase.
Oil and gas revenue jumped 58 percent, while non-oil and gas revenue surged 81 percent. Despite SOE dividends no longer entering the treasury, Suahasil explained that KND revenue initially projected at Rp1.8 trillion grew as Bank Indonesia's surplus was transferred as separate state wealth revenue. As of August 31, PNBP stood at 94.8 percent of the APBN target, or 75.7 percent of the projection.
Written by urgent.news from Tempo.co English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
