JAKARTA: The Finance Ministry’s directorate general of customs and excise says it is unlikely to meet this year’s revenue collection target, as it has so far only collected 53 percent of the target set in the 2015 revised budget.
Data from the directorate showed that it has collected Rp 103.7 trillion ($7.2 billion) from January until the first week of September. That would be just 53 percent of the Rp 195 trillion target in the revised budget for this year.
Heru Pambudi, the director general, said his division is likely to only reach 95 percent of the target this year, with the bulk of the figure coming from tobacco excise.
Tobacco excise still the biggest contributor to Indonesia’s excise revenue, followed by alcoholic beverages. The government recently eased custom payments for manufacturers of excisable goods with the aim of boosting state revenue.
