City's annual revenues increase 67 percent

City's annual revenues increase 67 percent

JAKARTA (JP): The city recorded an increase in its revenues
from Rp 996 billion (US$461.01 million) in the 1992/1993 fiscal
year to Rp 1.67 trillion in the just concluded 1993/1994 fiscal
year.

The 67.7 increase was announced yesterday at a plenary session
of the City Council.

In his written address read by Deputy Governor for Economic
and Development Affairs Tubagus M. Rais, Governor Surjadi
Soedirdja said the 1993/1994 revenues were 3.56 percent higher
than expected.

A total of 59.46 percent of the revenues, or Rp 993 billion,
was acquired from the city's original earned income consisting of
municipal taxes, levies, part of the municipal companies'
profits, municipal offices revenues and others.

The city's revenues come from its originally earned income
such as property taxes, vehicle taxes and parking fees, the
central government subsidy, foreign aid and grants.

The increase was due to the city's higher income from taxes,
which was up from Rp 419.20 billion in the 1992/1993 fiscal year
to Rp 768.46 billion in the 1993/1994 fiscal year.

Revenues from levies also increased from Rp 89.82 billion to
Rp 143.64 billion.

The revenues from the 69 city-owned companies increased from
Rp 11.13 billion to Rp 13.58 billion.

However, its revenues from 28 offices under the city
administration plummeted from Rp 2.56 billion to Rp 898 million.

The city's other income sources increased from Rp 33.38
billion to Rp 69.18 billion.

Its income from the central government in the form of taxes
and non-tax income sharing inched upwards from Rp 57.37 billion
to Rp 59.29 billion.

Central government aid and grants also increased from Rp
188.71 billion to Rp 324.64 billion.

Tubagus said that the city spent only 86.98 percent of its Rp
1.61 trillion budget during the previous fiscal year. (03)