RI tax revenue up 29 percent

JAKARTA: Tax revenues as of June 30 have reached Rp 129.4 trillion (US$13.21 billion), up 29 percent from the same period last year.

Revenues from customs amounted to Rp 7.65 trillion, or up 37.5 percent, and from excise Rp 14.39 trillion, or 9.8 percent higher than the corresponding period last year.

The figures -- all of which have reached half of their budgetary targets -- are positive for the government, which will need to generate more revenue to compensate for additional fuel subsidies due to surging oil prices. -- JP