Purbaya: Tax Revenue Grows 30.4% to Rp245.1 Trillion
The Ministry of Finance recorded February 2026 tax receipts at Rp245.1 trillion, up 30.4% year-on-year. The receipts have reached 10.4% of the 2026 state budget target (APBN) of Rp2,357.7 trillion.
“As an early indicator, tax collection in the first two months of 2026 grew by 30% in January and February compared with the previous year,” Finance Minister Purbaya Yudhi Sadewa said in his office on Friday, 6 March 2026. He said the figure indicates that tax revenue is growing steadily at the start of the year.
Based on the data presented, state revenue up to the end of February 2026 stood at Rp358 trillion. Meanwhile, state expenditure reached Rp493.8 trillion. Consequently, the APBN ran a deficit of Rp135.7 trillion as of the end of February 2026.
Purbaya is confident that government revenue this year will be better than last year. He responded to Fitch Ratings’ concerns after it cut Indonesia’s debt outlook from stable to negative.
According to the country’s treasurer, Indonesia’s fiscal position remains under control. “Because if you look at the debt-to-GDP ratio, we are safe. Look at the deficit-to-GDP ratio, we are safe. Growth, we are safe. In fact, we are the highest among the G20, with growth of 5.11% last year,” Purbaya said.
Earlier, Fitch Ratings cut Indonesia’s debt outlook from stable to negative on Wednesday, 4 March 2026. However, Fitch maintained Indonesia’s rating at BBB — investment grade. Fitch is the second agency to lower Indonesia’s outlook after Moody’s.
“The revision of the outlook reflects rising policy uncertainty and concerns about the erosion of the consistency and credibility of Indonesia’s policy mix amid increasing centralisation of policymaking authority,” Fitch said in its official statement on Wednesday, 4 March 2026.
Fitch highlighted government social programmes such as the free nutritious meals (MBG) programme, which are costly. On the other hand, Fitch predicts government revenue will only reach 13.3% of GDP in 2026 and 2027, amid the absence of significant revenue mobilisation steps.