Non-Tax State Revenue Falls 11% to Rp 68 Trillion in February 2026

Jakarta – Indonesia’s non-tax state revenue (PNBP) reached only Rp68 trillion by the end of February 2026, declining approximately 11.4% compared to Rp76.7 trillion in the same period last year.

Deputy Finance Minister Suahasil Nazara explained that the decline in PNBP remained largely attributable to the loss of state-owned enterprise dividend transfers to the government budget, as these have been redirected to the BPI Danantara fund.

“Last year, state-owned enterprise dividends still entered the state budget to a limited extent,” Suahasil stated during a press conference on the state budget at his Jakarta office on Wednesday, 11 March 2026.

Beyond the loss of dividend income, which has depleted state wealth-related revenues, the fall in PNBP also resulted from declining oil and gas resource revenues. Oil and gas resources yielded only Rp11.1 trillion, contracting 36.3% due to lower Indonesian crude oil prices and reduced petroleum lifting, as well as changes to production-sharing arrangements for Pertamina Hulu Energi Rokan operations.

Other PNBP revenues, however, surged to Rp23 trillion, whilst non-oil and gas resource revenues reached Rp22.2 trillion.

Non-oil and gas mineral revenues were bolstered by a 18.8% increase in mineral and coal resource revenues, driven by higher PNBP tariffs for minerals and increased global reference prices for gold, copper, nickel, and silver, although coal production declined 10.5% year-on-year.

Meanwhile, public service agency revenues totalled Rp11.6 trillion, growing 37.7%, supported by increased hospital service revenues and higher export levies on crude palm oil and its derivatives.