TEMPO.CO, Jakarta - The Ministry of Finance recorded tax revenue in February 2026 reaching Rp245.1 trillion, a year-on-year growth of 30.4%. This revenue accounts for 10.4% of the Rp2,357.7 trillion target set in the 2026 State Budget (APBN).
"As an initial indication, tax collection in the first two months of 2026 grew by 30% in both January and February compared to last year," Finance Minister Purbaya Yudhi Sadewa stated at his office on Friday, March 6, 2026. According to him, the figures indicate stable growth in tax revenue at the start of the year.
Based on the presented data, state revenue through the end of February 2026 amounted to Rp358 trillion. Meanwhile, state expenditure reached Rp493.8 trillion. As a result, the State Budget incurred a deficit of Rp135.7 trillion by the end of February 2026.
Purbaya believes that state revenue this year will surpass last year’s performance. This statement comes in response to concerns from Fitch Ratings, which recently revised Indonesia's debt outlook from stable to negative.
According to the state treasurer, Indonesia's fiscal conditions remain under control. "Because if we look at the debt-to-GDP ratio, we are safe. [If] we look at the deficit-to-GDP, we are safe. Regarding our growth, we are safe. In fact, we were the highest in the G20, with a growth of 5.11% last year," Purbaya said.
Previously, Fitch Ratings revised Indonesia's debt rating projection from stable to negative on Wednesday, March 4, 2026. However, Fitch maintained Indonesia's rating at BBB, or investment grade. Fitch is the second agency to downgrade Indonesia's outlook, following a similar move by Moody's.
"The Outlook revision reflects increasing policy uncertainty and erosion of Indonesia's policy mix consistency and credibility amid growing centralisation of policymaking authority," Fitch stated in its official release on Wednesday, March 4, 2026.
Fitch highlighted government social programs, such as the high-cost Free Nutritious Meals (MBG) initiative. Additionally, Fitch predicted that government revenue will only reach 13.3% of GDP in 2026 and 2027, given the absence of significant revenue mobilization measures.
Read: Minister Purbaya Responds to Fitch's Downgrade of Indonesia's Debt Outlook
Click here to get the latest news updates from Tempo on Google News
Indonesia Logs 30.7% Tax Revenue Growth in January 2026
12 hari lalu
Tax revenue by January 31, 2026, reaches 4.9% of the 2026 target of Rp2,357.7 trillion.
Prabowo Alleges Attempts to 'Defame' Indonesia: 'We Are Not Stupid'
22 hari lalu
Prabowo has expressed frustration with certain groups he believes are deliberately undermining Indonesia's progress. But who exactly are they?
Indonesia's Tax Refunds Surge to Rp361 Trillion in 2025
32 hari lalu
The sector contributing the largest tax refunds is the large specialized trade sector, such as fuel.
Indonesia's 2025 Tax Revenue Misses Target by Rp271 Trillion
58 hari lalu
Indonesia's 2025 tax revenue fell Rp271 trillion short of the APBN target. Deputy Finance Minister Suahasil Nazara explained why.
Indonesia Logs Rp43.7 Trillion in Tax Revenue from Digital Economy Sector
4 Desember 2025
The Directorate General of Taxes records the value of e-commerce tax reaching Rp33.88 trillion.
Indonesia's Tax Revenue Drops to Rp990 Trillion by Mid-2025
11 September 2025
The realization of tax revenue has decreased by 5.29 percent compared to the same period last year, which was recorded at Rp1,045.3 trillion.
Finance Minister Sri Mulyani Ensures No New Tax Increases in 2026
2 September 2025
Finance Minister Sri Mulyani said the state revenue target in the 2026 State Budget (RAPBN) is set to increase by 9.8%, reaching Rp3,147.7 trillion.
No Tax Rate Hikes Despite Ambitious 2026 Revenue Target, Says Finance Ministry
20 Agustus 2025
The 2026 State Budget Draft (RAPBN 2026) aims for a tax revenue of Rp2,357.7 trillion, a 13.5 percent increase from the projected 2025 revenue.
Which Progressive Tax Types Could Boost Indonesia's Revenue?
15 Agustus 2025
The Celios study discusses the potential impact of implementing progressive taxes on state revenue. The study lists various types of progressive taxes that could potentially increase state revenue.
March 2025 State Revenue Jumps by Rp200 Trillion, Says Finance Minister
30 April 2025
Finance Minister Sri Mulyani Indrawati reports that the state revenue reached Rp516.1 trillion by the end of March.
