Indonesia’s Tax Revenue Growth Strong in 2022, Finance Minister Says

Finance Minister Sri Mulyani Indrawati said on Friday that Indonesia’s tax revenues will continue to rise this year despite lower commodity prices.

The finance minister noted that while GDP slowed down during the latter half of the year, Indonesia’s revenues were “extremely strong”, noting that this will spell recovery and rebound for the nation’s 2022 economy.

“We are still having a strong source of revenue which is coming from non-commodity activity,” Sri Mulyani said told a seminar hosted by the Davos World Economic Forum.

The manufacturing and trade sectors are the two most important contributors to Indonesia’s tax revenues, Sri Mulyani said.

President Joko Widodo, also speaking at the Davos event, said that Indonesia plans to use its G20 presidency this year to become a “catalyst for global economic recovery”.

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