Antara News·Indonesia·Friday, September 18, 2026 at 08:27 AM

Finance minister records 41.7 percent growth in non-tax state revenue

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Putu Indah Savitri, Katriana

Jakarta (ANTARA) - Finance Minister Suahasil Nazara recorded a 41.7 percent year-on-year increase in non-tax state revenue (PNBP), from Rp307 trillion (about $17.2 billion) in January–August 2025 to Rp435.1 trillion (about $24.5 billion) in January–August 2026.

"PNBP is currently growing by 41.7 percent. The total collected so far is Rp435.1 trillion (about $24.5 billion)," Nazara said at the September 2026 edition of the APBN KiTa press conference at the Finance Ministry’s office here on Friday.

As a result, PNBP realization as of August 31, 2026, had reached 94.8 percent of the 2026 State Budget (APBN) target of Rp459.2 trillion (about $25.8 billion).

PNBP consists of revenue from oil and gas and non-oil and gas natural resources, revenue from Separated State Assets (KND), other non-tax state revenue, and revenue from Public Service Agencies (BLUs).

"Revenue from natural resources amounted to Rp194.6 trillion (about $10.9 billion), which is already nearly 70 percent of the target," he said.

In detail, the Finance Ministry recorded Rp80.1 trillion (about $4.51 billion) in oil and gas natural resource revenue as of August 31, 2026.

Based on the finance minister’s presentation, oil and gas natural resource revenue has the potential to grow due to an increase in the average Indonesian Crude Price (ICP), although realization currently stands at only 58 percent of the outlook.

Meanwhile, realization of non-oil and gas natural resource revenue reached Rp114.4 trillion (about $6.44 billion), or 81 percent of the outlook.

Furthermore, revenue from Separated State Assets was recorded at Rp58 trillion (about $3.26 billion), equivalent to 3,221.7 percent of the APBN target of Rp1.8 trillion (about $101.3 million).

Nazara explained that revenue from Separated State Assets is usually calculated from dividends paid by state-owned enterprises (SOEs).

However, SOE dividends will not currently be included in the state budget because they are managed directly by Danantara.

"However, over time, through the 2025 book audit process, we received information that Bank Indonesia had a surplus," Nazara said.

The surplus from Bank Indonesia was subsequently transferred to the state treasury in accordance with applicable regulations.

Therefore, the Finance Ministry has so far received Rp58 trillion (about $3.26 billion) in revenue from Separated State Assets.

"The funds are regulated for use in paying obligations or settling Indonesian government debt securities. These government bonds were issued at that time as part of efforts to address the 1997–1998 crisis," Nazara said.

He said Bank Indonesia’s surplus was used to repay the government’s obligations related to debt securities issued to address the 1997–1998 financial crisis.

"Now, the debt securities used to address the 1997–1998 crisis have been fully settled as of August. This is also an achievement for us," the finance minister said.

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