Ministry Cuts Gas Revenue Target
Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO Jakarta
"The state revenue is being cut to push for economic growth," Oil and Gas director general I Gusti Nyoman Wiratmaja said Monday, June 27, 2016.
The target cut is expected at 55 percent. This means that the initial revenue target—set at Rp18.3 trillion in the 2016 State Budget—will be lowered to Rp8.2 trillion.
"It's quite a huge cut," Wiratmaja said, also he admitted that an exact figure is still being discussed and no decision has been made regarding the revision amount.
Presidential Regulation No.40/2016 governs the discounts for natural gas prices. The regulation is being prepared to lower prices at the downstream sector thus expanding the use of gas domestically.
Wiratmaja said that Energy Minister Sudirman Said has approved the bill last week.
ROBBY IRFANY
A Domestic Recipe for the Middle East Conflict
6 jam lalu
A Domestic Recipe for the Middle East Conflict
The Middle East conflicts will harm the Indonesian economy. The solution is to improve the domestic economy.
Read More
Canada's Economy Misses February Growth Forecasts; Q1 GDP Seen Up 2.5%
1 hari lalu
Canada's Economy Misses February Growth Forecasts; Q1 GDP Seen Up 2.5%
Statistics Canada said GDP was likely unchanged from February.
Read More
Finance Minister Sri Mulyani Discusses Middle East Impact Mitigation with VP Ma'ruf Amin
1 hari lalu
Finance Minister Sri Mulyani Discusses Middle East Impact Mitigation with VP Ma'ruf Amin
Sri Mulyani said that geopolitical tensions in the Middle East became the focus of world leaders, which will have a significant economic impact.
Read More
Sri Mulyani Talks of Impact of Middle East Conflict on Indonesia
5 hari lalu
Sri Mulyani Talks of Impact of Middle East Conflict on Indonesia
Finance Minister Sri Mulyani said that geopolitical tensions in the Middle East are on the rise and have drawn the attention of global leaders.
Read More
OJK Spills Impact of Middle East Escalation on Indonesia's Financial System Stability
13 hari lalu
OJK Spills Impact of Middle East Escalation on Indonesia's Financial System Stability
OJK will continue to monitor the latest developments in the Middle East and their impact on financial system stability in Indonesia.
Read More
Jokowi Asserts Diplomacy, Economic Policy to Anticipate Middle East Conflict Escalation
14 hari lalu
Jokowi Asserts Diplomacy, Economic Policy to Anticipate Middle East Conflict Escalation
Jokowi chaired a limited meeting with his ministers at Merdeka Palace, Jakarta, on Tuesday to discuss the impact of Iran's strike on Israel.
Read More
Airlangga Preps to Mitigate Economic Impact of Iran-Israel Conflict
15 hari lalu
Airlangga Preps to Mitigate Economic Impact of Iran-Israel Conflict
Coordinating Minister Airlangga Hartarto talked about the potential impact of Iran's attack on Israel on the country's economy.
Read More
Vietnam Economy Expands by 5.66% in Q1 as Exports Boom
33 hari lalu
Vietnam Economy Expands by 5.66% in Q1 as Exports Boom
Vietnam's gross domestic product in the first quarter grew 5.66% from a year earlier as exports boomed, government data released on Friday.
Read More
Jakarta has Capital to Become Business City Competing with New York: Economist
45 hari lalu
Jakarta has Capital to Become Business City Competing with New York: Economist
The metropolitan city of Jakarta has the capital to become a business and economic hub that can compete with New York, an economist says.
Read More
Bank Indonesia: Single Round Election May Help Economy Grow More than 5.1%
57 hari lalu
Bank Indonesia: Single Round Election May Help Economy Grow More than 5.1%
Bank Indonesia (BI) Governor Perry Warjiyo is confident that Indonesia's economic growth will exceed 5.1 percent in 2024.
Read More
Recomended
17 Juni 2022
17 Juni 2022
17 Juni 2022
17 Juni 2022
17 Juni 2022
16 Juni 2022
16 Juni 2022
16 Juni 2022
16 Juni 2022
16 Juni 2022
