Tax Revenue Reaches Rp322.6 Trillion in Q1 2025, Down 18.1% Year-on-Year
JAKARTA, DDTCNews – The Ministry of Finance has reported that tax revenue for the January-March 2025 period reached Rp322.6 trillion, equivalent to 14.7% of the Rp2,189.3 trillion target. This figure represents an 18.1% contraction year-on-year. Nevertheless, Finance Minister Sri Mulyani Indrawati expressed optimism that revenue performance would improve going forward.
"This can be seen in tax [revenue] rising from Rp187.8 trillion [in January-February 2025] to Rp322.6 trillion [by the end of March 2025]," she said at the APBN Kita Press Conference on Wednesday (30/4/2025).
Sri Mulyani acknowledged that the depressed tax revenue trend during January-February 2025 had raised considerable public concern. However, tax revenue began to recover, as evidenced by the March 2025 performance.
"Tax revenue has begun to show a fairly convincing recovery, and this is a positive sign that we hope to report in the coming months," she said.
Sri Mulyani added that tax revenue during the same period last year, in the first quarter of 2024, had also experienced a contraction. She noted that conditions at that time were nearly identical to those at the start of this year.
Nevertheless, she continued, the government would remain vigilant against various factors or disruptions that could potentially affect future tax revenue.
"Last year I reported that our tax revenue also contracted. I hope this provides perspective so as not to trigger false or excessive alarm, but we remain vigilant," she said.
"This can be seen in tax [revenue] rising from Rp187.8 trillion [in January-February 2025] to Rp322.6 trillion [by the end of March 2025]," she said at the APBN Kita Press Conference on Wednesday (30/4/2025).
Sri Mulyani acknowledged that the depressed tax revenue trend during January-February 2025 had raised considerable public concern. However, tax revenue began to recover, as evidenced by the March 2025 performance.
"Tax revenue has begun to show a fairly convincing recovery, and this is a positive sign that we hope to report in the coming months," she said.
Sri Mulyani added that tax revenue during the same period last year, in the first quarter of 2024, had also experienced a contraction. She noted that conditions at that time were nearly identical to those at the start of this year.
Nevertheless, she continued, the government would remain vigilant against various factors or disruptions that could potentially affect future tax revenue.
"Last year I reported that our tax revenue also contracted. I hope this provides perspective so as not to trigger false or excessive alarm, but we remain vigilant," she said.