Indonesia Seeks Rp514 Trillion in Tax Revenue by Year-End as Spending Continues

Indonesia’s finance ministry says it needs to collect another Rp514 trillion (about $32.1 billion) in taxes during November and December to reach its year-end revenue forecast, according to Detik. Finance Minister Suahasil Nazara said tax receipts had reached Rp1,796.8 trillion (about $112.3 billion) by the end of October, or 76.2% of the original 2026 budget target.

The Rp514 trillion figure is the amount needed to reach the ministry’s forecast of Rp2,310.8 trillion (about $144.4 billion), Detik reported. That forecast remains Rp46.9 trillion (about $2.9 billion) below the original tax target of Rp2,357.7 trillion (about $147.4 billion). Earlier in the year, then-finance minister Purbaya Yudhi Sadewa had already projected the same shortfall, according to DDTCNews.

Suahasil said the additional receipts would be used to fund state spending. By October 31, government expenditure had reached Rp2,997.2 trillion (about $187.3 billion), or 78% of the annual spending allocation, CNBC Indonesia reported, citing the finance ministry. Of that amount, Rp653.6 trillion (about $40.9 billion) had been transferred to regional governments, which receive a share of national budget funds.

Tax director-general Bimo Wijayanto said his agency would monitor payments and compliance across trade, manufacturing, business services, transport, warehousing and digital activity, according to Detik. He also described plans to use financial and other third-party data to check records in the tax administration system. The rupiah-to-dollar figures above are approximate, using Rp16,000 per US dollar for comparison rather than a quoted exchange rate.