The Contribution of Non-Energy Sector PNBP is Expected to Be Greater in 2018

INDUSTRY.co.id - Jakarta - Non-tax State Revenues (PEMBP) of the Energy and Mineral Resources Sector (ESDM) in 2018 is planned to be Rp120.3 trillion or 44% of the total national non-tax revenues of Rp275.4 trillion based on APBN 2018.

Quoted from the Ministry of Energy and Mineral Resources on Monday (5/3/2018), the figure is estimated to be higher because the assumption of Indonesia Crude Price (ICP) used in APBN 2018 amounted to US $ 48 per barrel, while the realization of ICP in January 2018 amounted to US $ 65 , 6 per barrel with an upward trend since June 2017.

The ICP increase from June 2017 to January 2018, respectively, was US $ 43.7 per barrel, US $ 45.5 per barrel, US $ 48.4 per barrel, US $ 52.5 per barrel, US $ 54.0 per barrel, US $ 59,3 per barrel, US $ 60.9 per barrel and US $ 60.9 per barrel.

Based on the preliminary calculation of the APBN 2018, every average increase of US $ 1 per barrel of ICP is estimated to potentially increase oil and gas PNBP around Rp3.1 trillion (ceteris paribus, if other assumptions are assumed to be fixed).

Taking into account these price developments, oil and gas PNBP 2018 has the potential to rise compared to the plan in the 2018 APBN. The government will continue to monitor and anticipate such developments.

When viewed in full, the total revenue of the EMR sector including oil and gas taxes in 2018 is planned to amount to Rp158.4 trillion, of which 76% or Rp120.3 trillion of that amount is non-tax revenues.

The planned revenues for the 2018 ESDM sector, comprising oil and gas revenues of Rp124.6 trillion, include oil and gas PNBP of around Rp86.5 trillion and oil and gas PPh of Rp38.1 trillion.

In addition, mineral and coal minerals (minerba) of Rp32.1 trillion, geothermal PNBP of Rp0, 7 trillion and other receipts around Rp1 trillion. The revenues from the EMR sector do not include the receipts from taxation of minerals, and the receipt of rent and other services.