| Government to "Customize" Fuel Subsidy |
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| Friday, 24 June 2011 00:00 | |||||||
Page 1 of 2 Government to "Customize" Fuel SubsidyJAKARTA, KOMPAS.com - Agus Martowardojo Finance Minister revealed that the government will make adjustments during the process of drafting the State Budget Amendment 2011. One focus government attention on the price of fuel oil (BBM) and energy subsidies for electricity. "We will leverage the state budget process (Budget of the State of Change), God willing, we will begin July 4 to July 26, we will discuss changes in assumptions with current conditions," he said in court on Thursday (23 / 6 / 2011). He said the current budget deficit reached 1.8 percent of gross domestic product (GDP). However, the government will keep the deficit figures remain below 2 percent. The steps, by trying to make savings to cover deficit spending ministries budget. "At the forum REVISED we will discuss the budget savings, according to Presidential Directive number 7 / 2011, all K / L are required to prepare a savings of activities that are not priorities or reallocated to less productive," he said. Was later re-allocation to support the acceleration of priorities and initiatives to build energy security, food, and also to support the program cluster VI. As published data regarding the Draft State Budget MoF-P 2011 is mentioned, state expenditures will increase to $ 1327.6 billion from the state budget before 2011 USD 1229.6 billion. In fact, the government is also preparing expenditure if the amount of subsidized fuel price increases implemented Rp 1,000 per liter so that state spending to $ 1316.8 billion. For subsidies, in the absence of subsidized fuel price hike policy will soar to Rp 253.35 trillion from before the 2011 state budget of Rp 187.6 trillion. As if the fuel price was raised to Rp 500 per liter, subsidies will be Rp 241.38 trillion, an increase of Rp 1,000 per liter to Rp 237.38 trillion. Energy subsidies, in the absence of subsidized fuel price hike policy, will increase to Rp 196.16 trillion from the previous state budget in 2011 to Rp 136.6 trillion. As if the fuel price was raised to Rp 500 per liter, the subsidy to Rp 184.01 trillion and the increase of Rp 1,000 per liter to Rp 180.01 trillion. (Yudho Winart / Cash)
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