Jakarta opens 2024 with 8% drop in January tax revenue

Finance Minister Sri Mulyani Indrawati prepares to present the state budget on Jan. 2, 2024 at the ministry in Jakarta. (The Jakarta Post/Deni Ghifari)

JAKARTA: The government booked some 149 trillion rupiah (US$9.57bil) in tax revenue in January, a drop of over 8% compared to the same period last year and 7.5% of this year’s full-year target of 1.98 quadrillion rupiah.

“Our tax revenue is still sufficiently positive, although we know that in 2021 and 2022, our tax revenue growth was very high,” Finance Minister Sri Mulyani Indrawati told an online press briefing.