Indonesia Tax Revenue Lags Widodo Target as Retail Receipts Drop

Indonesia’s tax revenue collection fell short of the government’s target for the first four months of 2015, as weak oil prices and lower retail receipts signal an economic slowdown may have stretched into the second quarter.

The government received 310.1 trillion rupiah ($23.8 billion) from January to April 30, or 24 percent of its target for the full year, the finance ministry’s tax office said in a statement on its website on Wednesday. That was 1.3 percent lower than the same period last year.