Jakarta – Finance Minister Sri Mulyani Indrawati has announced that Rp 1.34 quadrillion (US$93.79 quadrillion) in taxes had been collected by the yearend, or 91 percent of the Rp 1.45 quadrillion revenue target as set in the 2017 State Budget.

While the government failed to achieve its target, Sri Mulyani said the figure was the best performance in the last three years.

"It is the greatest achievement in the last three years," Sri Mulyani said in Jakarta on Tuesday, adding that tax collection achieved 83.3 percent of the revenue target in 2015 and 83.5 percent in 2016.

Meanwhile,, the government spent Rp 2 quadrillion, or 93.8 percent of the targeted 2017 expenditure.

The minister said government spending on goods was 96.8 percent, compared to 85.3 percent in 2016 and 89.8 percent in 2015, adding that spending on social assistance reached 100 percent.

Sri Mulyani said the social assistance spending had made a positive impact in helping low-income families survive the difficult economic conditions.

She also noted that the state budget deficit was 2.57 percent. "This is below our projection of 2.92 percent." (sha/bbn)

Source: http://www.thejakartapost.com/news/2018/01/03/tax-revenue-meets-91-of-2017-target-minister.html