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Thursday, 04 June 2020 14:21

Regional income drops 15.81% nationally

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photo : kemenkeu

 

Director General of Fiscal Balance at the Ministry of Finance, Astera Primanto Bhakti stated that there has been a substantial 15.81-percent decline in the income of Indonesia’s 530 regions due to Covid-19 pandemic. As quoted by Antara News Agency during an online discussion in Jakarta on Wednesday (3/6), Astera Primanto explainedthat the average income of 530 regions before the Covid-19 was Rp1,238.51 trillion, while currently, it is pegged at just Rp1,042.69 trillion, a difference of Rp195.82 trillion. So, the correction for income on average is indeed quite deep. Nationally, the regional income has fallen by 15.81 percent. Locally generated income (PAD) is the most depressed component of the revenue, which is down 27.73 percent due to a slowdown in economic activity that has had a direct impact on regional taxes and charges//ANT

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