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Wednesday, 24 November 2021 15:11

Jokowi praises growth in state revenue in mid-Nov 2021

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President Joko Widodo (Jokowi) lauded the increase in state revenue in mid-November 2021 that is in line with the improvement in several domestic economic indicators, such as consumer confidence, retail sales, and manufacturing industry production.

"Report from the finance minister said the achievement of taxes is very good, and customs clearance is also very good. The Non-Tax State Revenue (PNBP) has exceeded more than 100 percent, growing by 18.2 percent (yoy)," Jokowi stated at the 2021 Bank of Indonesia (PTBI) Annual Meeting here, Wednesday.

Despite a rise in state revenues and having surpassed the achievement during the corresponding period in 2020, Jokowi reminded all parties to exercise caution on account of the uncertainty due to the dynamics of the COVID-19 pandemic that is still far from over.

"We remain optimistic but still have to be careful," he emphasized.

In addition to state revenues, Jokowi drew attention to several indicators in the domestic economy that also continued to improve and even outdid the achievements before the COVID-19 pandemic.

On the consumption side, the trend of public consumption has revived, as was reflected in the improvement in the retail sales index. Meanwhile, the improvement in consumer confidence from the Consumer Confidence Index (IKK) sits at the optimistic level.

On the production side, manufacturing activities continued to expand, as reflected in Indonesia's Purchasing Manager Index (PMI) in October 2021, at 57.2 points or higher than 51 recorded during the period before the pandemic.

"Data shows that demand already exists and is getting better. With the growth in demand, manufacturing facilities, factories, and industries must boost their production to meet the demand," Jokowi affirmed.

Other attendees at the PTBI Annual Meeting were Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of Finance Sri Mulyani Indrawati, Minister of Trade Muhammad Lutfi, Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Wimboh Santoso, Chairman of the Board of Commissioners of the Deposit Insurance Corporation (LPS) Purbaya Yudhi Sadewa, and other relevant officials. (Antaranews)

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