"The government has the commitment to increasing and developing the sources of state incomes both sources of tax incomes and non-tax receipts (PNBP)," President Susilo Bambang Yudhoyono said when he delivered his state-of-the-nation address on the 2012 Draft State Budget and Financial Notes before a plenary session of the House of Representatives (DPR) here on Tuesday.
He said that the tax revenue target of Rp1,019.3 trillion accounted for 79 percent of the total state revenues and grant.
With that figure, tax receipt ratio against the Gross Domestic Product (GDP) increased from 12.2 percent in the 2011 revised state budget to 12.6 percent.
Yudhoyono said that state revenues played strategic roles and reinforced the fiscal capacity to enhance the room for movement of development financing.
"Increasing state revenues is the key to our reliance," the president said.
In his address, the president indicated that the country`s revenues and grant were set at Rp1,292.9 trillion, or up 10.5 percent from the 2011 revised state budget at Rp1,169.9 trillion.
The state expenditures were set at Rp1,418.5 trillion, up 97.7 trillion or 7.4 percent from the 2011 revised state budget which was set at 1,320.8 trillion.
Thus, the draft state budget deficit for 2012 was at Rp125.6 trillion, or 1.5 percent of the Gross Domestic Product (GDP) or lower than the deficit of the 2011 revised state budget which was set at Rp150.9 trillion.
(Uu.A014/HAJM/H-YH)
Editor: Priyambodo RH
Copyright © ANTARA 2011
