First Quarter 2026 Sees State Revenue Exceed USD 36 Billion

RRI.CO.ID, Jakarta - Indonesia's fiscal performance opened 2026 with solid results. As of March 31, 2026, state revenues were recorded at IDR 574.9 trillion—equivalent to approximately USD 36.8 billion (assuming an exchange rate of IDR 15,600 per US dollar)—or a 10.5 percent growth compared to last year.

indonesian Finance Minister Purbaya Yudhi Sadewa said this on Monday, April 6, 2026, in Jakarta. Of the 2026 State Revenue target of IDR 3.15 quadrillion (USD 201.9 billion), realization through the first quarter had reached 18.2 percent—providing a sufficient initial cushion for fiscal management throughout the year.

"This also reflects improved economic activity and the increasingly effective implementation of Coretax. So, the tax increase is in line with, or confirms, the economy is truly improving," explained Finance Minister Purbaya Yudhi Sadewa , as quoted by Antara.

The largest contributor came from tax revenue, which reached IDR 462.7 trillion (USD 29.7 billion), growing 14.3 percent year-on-year. Specifically, tax revenue contributed IDR 394.8 trillion (USD 25.3 billion), while customs and excise revenue contributed IDR 67.9 trillion (USD 4.35 billion).

The most striking surge came from VAT and Sales Tax on Luxury Goods (PPnBM), which reached IDR 155.6 trillion (USD 10 billion), a 57.7 percent jump. This is a strong indicator that domestic consumption and economic transaction activity increased sharply at the start of the year.

On the other hand, income tax showed more moderate growth. Personal Income Tax (PPh) and Article 21 Income Tax (PPh 21) recorded IDR 61.3 trillion (USD 3.9 billion), up 15.8 percent, while Corporate Income Tax (PPh) reached IDR 43.3 trillion (USD 2.8 billion), growing 5.4 percent.

However, not all sectors showed a positive trend. Revenue from customs and excise contracted by 12.6 percent. Excise taxes fell to IDR 51 trillion (USD 3.27 billion), while export duties plummeted to IDR 5.4 trillion (USD 346 million). This decline was influenced by weaker production at the end of 2025 and the policy of deferred payments.

In contrast, import duties still recorded slight growth to IDR 11.5 trillion (USD 737 million), in line with increased import activity.

In addition to taxes, the country also collected IDR 112.1 trillion (USD 7.2 billion) in Non-Tax State Revenue (PNBP) and IDR 100 billion (USD 6.4 million) in grants.

With over USD 36 billion in revenue in the first three months, Indonesia's fiscal outlook for 2026 demonstrates a combination of domestic economic recovery and increased revenue collection effectiveness—although pressures remain overshadowed by external pressures. ***