DENPASAR

Bank Indonesia noted, revenue realization of Bali until the second quarter of 2015 amounted to Rp2,09 trillion or 45.48% of the total targeted, and that figure is lower when compared to the same period in 2014 amounted to 56.89%.

“The decline in the percentage of actual revenue was mainly due to the lack of acceptance of postal revenue (PAD),” said Head of Bank Indonesia Representative province of Bali, Dewi Setyowati in Denpasar, on Monday (05/10/2015).

In the report of regional economic and financial assessment Bali she mentioned that, realization of revenues from other components in the budget Bali government revenue was relatively stable compared to the same period the previous year.

Realization post local revenue in 2015 was recorded only at 41.29%, much lower when compared to 2014 which amounted to 60.92%. The condition was in line with the slowdown in economic performance Bali.

Setyowati explained, based on components of revenue, a decrease in the percentage of realization of the targets occur in all its constituent components, both in income tax, retribution, results of PMD and the results of the separated area wealth management.

Limited realization of PAD occurs in addition to the slowdown in economic performance Bali, which primarily impact on the levies, there is also a decrease in interest rates on deposits (Giro) in government banks.

Meanwhile, equalization fund slightly increased from 54.2% in 2014 to 56.35%, primarily driven by the specific component of the allocation of funds has been realized by 55% in the second quarter of 2015.

The actual revenue also accelerated compared to the previous year is heading other legitimate income. The percentage realization  in 2015 reaches 46.52% higher than the same period at the previous year at 45.95%.

In terms of fiscal independence, the Government’s ability to finance its budget is quite well, as reflected in the ratio of revenue to total budget in 2015 amounted to 61.64%, higher than the previous year, which stood at 58.2%.