As of late November, tax collection has only reached 78% of target set in the revised 2017 State Budget. Budget deficit, however, will likely be lower than the government’s initial target of 2.9% because of projected higher revenues from oil & gas and mining. Data from energy and mineral resources ministry pointed to Rp121 trillion of revenues from oil & gas by late November, above full year target of Rp118.44 trillion.To subscribe please click here
