Sri Mulyani: Rising Commodity Prices Pose Complicated Geopolitical SItuation
Translator
Editor
8 March 2022 13:16 WIB
TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati in the virtual launch of the Coal Management Information System (Simbara) on Tuesday said the current global geopolitical situation has greatly affected Indonesia, with one of it being the increasing prices of commodities.
“Indonesia is currently facing a complicated geopolitical situation. The impact of commodity prices is very real. Prices of natural resource commodities produced by Indonesia are among those affected by these price increases,” said the Minister on March 8.
She argues that the contributions from natural resources management to state revenues to be very important, especially contributions in the mineral and coal sectors which in 2021 contributed Rp124.4 trillion to the state revenue.
That number is officially the highest recorded in the past five years but shows that this sends a signal to the government to reorganize the production flow and sales of coal and mineral (minerba) between state ministries.
Sri Mulyani said this situation motivated the Finance Ministry along with the Energy and Mineral Resources Ministry, Trade Ministry, Transportation Ministry, and Bank Indonesia to create the Coal Management Information System, which would synchronize the ecosystem of mineral and coal management from upstream to downstream.
Read: Sri Mulyani Predicts 5.5 Percent Economic Growth In 2022
FRANCISCA CHRISTY ROSANA
