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Friday, 23 November 18
INDONESIA'S REVENUES FROM MINERAL AND COAL INCREASE TO US$ 2.858 BILLION - ANTARA
Coal ExcavatorIndonesia`s non-tax state revenues from the mineral and coal sub-sector reached Rp 41.77 trillion (approximately US$ 2.858 Billion) as of Nov 16, 2018, an official said, Antara reported.
 
Antara further noted that, the figure exceeded the target of Rp 32.1 trillion (approxemately US$ 2.197 Billion) set in the 2018 state budget, Director General of Mineral and Coal at the Energy and Mineral Resources Ministry, Bambang Gatot Ariyono, said here on Wednesday.
 
The non-tax state revenues of Rp 41.77 trillion  (approximately US$ 2.858 Billion) comprised royalties worth Rp24.84 trillion (approximately US$ 1.70 Billion) (60 percent), mining product sales worth Rp 16.43 trillion (approxiamtely US$ 1.124 Billion) (39 percent), and land-related regular contributions worth Rp 0.49 trillion (approximately US$ 33,538,540) (1 percent), he stated.
 
Antara further said, in 2017, the realization of non-tax state revenues from the mineral and coal sector stood at Rp 40.6 trillion (approxiamtely US$ 2.778 Billion), consisting of royalties worth Rp 23.2 trillion (approximately US$ 1.587 billion) (57.2 percent), mining product sales worth Rp16.9 trillion (approximately US$ 1.156 Billion) (41.5 percent), and regular contributions worth Rp 0.5 trillion (approximately US$ 34,223,000) (1.3 percent).
 
Ariyono noted that the amount of state revenues from the mineral and coal sector depended on prices and production, said Antara.
 
“If the prices and production increase, then the non-tax state revenues will move up accordingly,” he added.
 
He remarked that the government cannot control the prices because they follow the international market.
 
But the government can control the production of mineral and coal to set the amount of non-tax state revenues from the mineral and coal sector. To set the production, the government has always consulted the Budget Board at the House of Representatives (DPR), he pointed out.
Source: Antara News


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