The Ministry of Finance has revealed that the state has received USD1.9 billion in revenue in the first 11 months of this year.
According to the Weekly Fiscal Development Report, the state received USD1.9 billion as of November 30, which is an 18.5% increase compared to the USD1.6 billion received in the same period last year.
The report showed that the revenue received so far this year includes tax revenue of USD1.4 billion, non-tax revenue of USD500 million and grants of USD19.7 million. The report also showed that the state received tax revenue mostly in the form import duty amounting to USD201 million, USD331 million in Business and Property Tax (BPT), USD778 million in Goods and Services Tax (GST), USD60 million in Green Tax, and USD57 million in Airport Service Charges and Departure Tax.
Meanwhile, the expenditure for the year has reached USD3 billion as of November 30. Around USD1.8 billion of the expenditure went to recurrent expenditures, with USD707 million for Salaries and Wages and USD1.1 billion for administrative costs. The remaining USD860 million went to capital expenditures, primarily for development projects.