December 9, 2025 | 09:40 pm
TEMPO.CO, Jakarta - The Indonesian Ministry of Finance will implement export duties on gold and coal next year. Finance Minister Purbaya Yudhi Sadewa mentioned the policy could generate Rp23 trillion in additional state revenue, with Rp3 trillion from gold exports and Rp20 trillion from coal exports.
Purbaya said the revenue will be prioritized to cover the budget deficit. "The first step is to reduce our deficit," he said during a working meeting with House Commission XI on Monday, December 8, 2025.
During the meeting, Purbaya revealed several reasons for the imposition of export duties on gold and coal commodities.
According to the minister, Indonesia's gold ore reserves showed a downward trend, while the global gold price skyrocketed to US$4,706.6 per troy ounce in November 2025.
Minister Purbaya mentioned the necessity of a strong domestic gold supply to assist in developing the bullion bank ecosystem. "Therefore, an export duties instrument is needed," said Purbaya.
As for coal, Purbaya mentioned that the majority of Indonesia's exports are still in the form of low value-added raw materials. Thus, Indonesia is missing out on a higher economic potential. The coal export duty policy is expected to boost state revenue while promoting downstream and decarbonization.
Purbaya also underscored the low state revenue from the coal industry. He stated that the Job Creation Law has changed the status of coal from non-taxable goods to taxable goods. "As a result, the coal industry can request a VAT refund from the government, which amounts to around Rp25 trillion annually," said Purbaya.
Read: Indonesia to Cut Coal Production in 2026 to Lift Global Prices
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