Revenue from the Mineral and Coal Sector is Targeted at IDR 22.1 Trillion Next Year

JAKARTA – State revenue from the mineral and coal sector in the 2021 RAPBN financial note is targeted to reach IDR 22.1 trillion.

This figure grows 14.2 percent from the2020outlook. In the2020outlook, the realization of mineral and coal mining revenue is estimated to reach IDR 19.40 trillion.

In order to achieve this target, the government has implemented various technical policies, including increasing agency cooperation, related to audit obligations, the need for information on mineral and coal export data, joint process and analysis of guidance and synergy of supervision of mining business permit (IUP) holders, and the establishment of a monitoring task force. and optimizing non-tax state revenue (PNBP).

Then, impose sanctions for companies that have arrears in PNBP payments, intensify the implementation of compulsory payment compliance, conduct technical guidance on collection, calculation and payment procedures, and improve administration by optimizing the use of the e-PNBP Minerba application.

In addition, the enactment of Law Number 3 of 2020 concerning Amendments to Law Number 4 of 2009 concerning Mineral and Coal Mining is expected to be able to bring changes to state revenues.

“Mineral and coal management is not only at the upstream side, but must also develop downstream, one of which is through the smelter development policy so that the mineral and coal sector is expected to be able to provide added value and great benefits to the national economy on an ongoing basis,” said the document in Book II of Financial Notes. Together with the Draft State Budget for Fiscal Year 2021.

The government continues to improve mineral and coal mining management in accordance with the new Minerba Law, to encourage profitable exploration and exploitation activities, both for the government and permit / contract holders so that the investment climate is maintained and PNBP contributions can increase.

Meanwhile, mineral and coal mining revenue is the largest contributor to non-oil and gas natural resource revenue.The income of this sector has increased by an average of 5.3 percent in the 2016-2020 period.

This increase is in line with the International Monetary Fund’s prediction that world economic growth in 2021 will begin to recover and is estimated to reach 5.8 percent.

Source: https://ekonomi.bisnis.com/read/20200814/44/1279469/penerimaan-sektor-minerba-ditarget-rp221-triliun-tahun-depan