ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Revenue falls short of ambitious target

 (placeholder image)
With 10% of state revenue derived from taxing tobacco, a shrinking population of smokers in Indonesia has not helped with shortfalls.   © Reuters

JAKARTA -- Disappointing growth and falling commodity prices seriously dented Indonesian tax collections last year, with total revenue missing the goal by nearly 20% -- the first time in five years the total fell below 90% of the target.

     Sigit Priadi Pramudito, director general of the tax department, resigned in early December when he realized that revenue for the year would amount to less than 82% of the target.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more