Sri Mulyani: Govt Disbursed Rp39tn for Energy Subsidy

Translator

Editor

May 18, 2018 | 07:10 am

Indonesian Finance Minister Sri Mulyani Indrawati gestures during a panel discussion in Nairobi, Kenya January 25, 2018. REUTERS/Thomas Mukoya

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani said that the government has disbursed Rp39.2 trillion for electricity and fuel oil subsidy, or about 23 percent of ministries/agencies Rp165.1 trillion expenditure budget.

Of the disbursed amount, Rp26 trillion had been paid to Pertamina.

Sri Mulyani said the government is consistent in paying energy subsidies to support PLN and Pertamina's finances as SOEs that supply energy for the public. 

Read: Sri Mulyani Tax Revenue at Rp383.8tn per-April

The Finance Ministry's director general of budgetary Askolani said that the government has also paid the debts owed to Pertamina and PLN, amounting to Rp22 trillion and Rp7.3 trillion, respectively. The remaining subsidy debts will be paid in stages until 2019.

As of April, Sri Mulyani said that state spending has amounted to Rp582.9 trillion or 26.3 percent of the Rp2,220 trillion budget. In the first four months of 2018, state revenues had amounted to Rp527.8 trillion, or 27.9 percent of the Rp1,894 trillion year-end target.

BISNIS.COM


Prabowo Outlines Religious, Human-Centered Economy on Pancasila Day

5 jam lalu

Prabowo Outlines Religious, Human-Centered Economy on Pancasila Day

For Prabowo, an economy based on the values of Pancasila adheres to the principles of religiosity, humanity, national unity, and social justice.


Indonesia's Annual Inflation Forecast to Rise to 3.21% in May

6 jam lalu

Indonesia's Annual Inflation Forecast to Rise to 3.21% in May

Economist projects that Indonesia's annual inflation will rise to 3.21 percent year-on-year in May 2026, up from 2.42 percent in the previous month.


Prabowo: No Foreign Nation Will Pity Us If People Are Hungry

6 jam lalu

Prabowo: No Foreign Nation Will Pity Us If People Are Hungry

Prabowo said that Indonesia must strengthen its self-reliance, warning no other country would help if Indonesians were in difficulty.


Prabowo Calls for Shift Toward Pancasila-Based Economy

9 jam lalu

Prabowo Calls for Shift Toward Pancasila-Based Economy

Prabowo said Indonesia needed to move from an economy that is "not yet fully based on Pancasila" to one that reflects the state ideology's values.


Is Indonesia's Economy Far From or Closer to a 1998 Crisis?

7 hari lalu

Is Indonesia's Economy Far From or Closer to a 1998 Crisis?

Deputy Minister of Finance Juda Agung stated that Indonesia's fiscal indicators, the current account balance, and the financial system remain stable.


Prabowo Summons Ex-Ministers from 2008 Crisis Era, Seeking Wisdom?

9 hari lalu

Prabowo Summons Ex-Ministers from 2008 Crisis Era, Seeking Wisdom?

Meeting between Prabowo and economic figures discussing past experiences in dealing with current economic conditions.


Luhut Apologizes to Investors for Indonesia's Economic Turbulence

10 hari lalu

Luhut Apologizes to Investors for Indonesia's Economic Turbulence

Luhut also said that Indonesia's economy remains relatively resilient compared to many other countries.


What Anies Baswedan Says on Rupiah Plunge and Its Impact

11 hari lalu

What Anies Baswedan Says on Rupiah Plunge and Its Impact

Speaking at UGM, Anies Baswedan warned that the rupiah's historic drop to 18,000 per US dollar directly burdens the public.


Prabowo Explains Why He Delivered Economic Speech in Parliament

12 hari lalu

Prabowo Explains Why He Delivered Economic Speech in Parliament

Prabowo became the first Indonesian president to personally present the KEM-PPKF before Parliament.


BEM UI Urges Prabowo to Stop Misleading Public on Economy

14 hari lalu

BEM UI Urges Prabowo to Stop Misleading Public on Economy

The criticism came after Prabowo reportedly said dollar exchange rate fluctuations have little impact on rural communities.