REPUBLIKA.CO.ID, JAKARTA -- The government tax revenues in the first six months of the year totaled Rp518.4 trillion or lower than Rp536.1 trillion in the same period last year.
"Nominally tax revenues fell Rp17.7 trillion or 3.3 percent on-year in the first half of the year," Head of the Fiscal Policy at the Finance Ministry Suahasil Nazara said, at a working meeting with the Budget Commission of the House of Representatives.
Suahasil attributed the decline in tax revenue to low price of the Indonesian crude oil in international market, saying shrinking oil price resulted in Rp11 trillion fall in income tax from the oil and gas sector.
In addition , the country has not fully recovered in its international trade performance, he said here on Wednesday.