Economy

Indonesia to form a state revenue ministry, president’s advisor says

Published

JAKARTA (Reuters) – Indonesia plans to form a state revenue ministry to improve revenue collection, Hashim Djojohadikusumo, brother and a close advisor of President Prabowo Subianto, said on Sunday, according to a report by news portal Detik.com.

The new ministry would manage state revenues, including taxes, excises and mining royalties, Hashim said in a meeting of the Indonesian Chamber of Commerce and Industry.

He didn’t say when the new ministry would be created.

Prabowo would appoint deputy finance minister Anggito Abimanyu to lead the new ministry, according to Hashim.

Among his campaign pledges, Prabowo planned to boost tax revenue to 18% of gross domestic product from around 10% currently, or about $100 billion in additional tax revenue, which included a plan to set up a state revenue agency.

Indonesia’s finance ministry declined to comment on the matter.

Hashim’s team and presidential spokesman did not immediately respond to a Reuters’ request for comment.

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