Breaking News
Home » Mining » Coal » Indonesia govt expects non-tax revenues from coal and mineral to be still higher this year

Indonesia govt expects non-tax revenues from coal and mineral to be still higher this year

JAKARTA (rambuenergy.com) – The Indonesian government expects revenues from non-tax coal and mineral resources to be still higher this year despite depressed commodity prices, including coal.

The Energy and Mineral Resources Minister Sudirman Said told a coal conference (21st Coal Trans Asia) in Bali that the non-tax revenues (PNBP) from subsector coal and minerals in 2015 has been set at Rp52 trillion, compared to Rp32.3 trillion in 2014. Of the Rp32.3 trillion, 81 percent or Rp26.3 trillion was contributed by coal sector.

In 2013, the total revenues from coal and mineral resources, both tax and non-tax revenues reached Rp145.2 trillion, or 9.7 percent of the total State Revenues for the year. This indicate that the industry is an important sector in term of its contribution to the State Budget.

The Minister said the government is working on optimizing the state revenues from coal and minerals. This will be done by optimizing the existing resources; preventing coal shortage in domestic market due to price disparity between domestic and international market; maximize state revenues, including for coal and mineral producing regional governments; controlling coal production; and promoting coal industry based on good mining practices. (*)

 

Check Also

Japan’s Sojitz divests interest in thermal coal assets in Indonesia

JAKARTA (RambuEnergy.com) - Sojitz Corporation of Japan has entered an agreement to sell its entire ...

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.