Swollen Subsidized Energy From 50 Percent To IDR 163 Trillion This Year
Portal fakta. Jakarta, the Government plans to increase energy subsidies by IDR 69 trillion in 2018. Therefore, the value of energy subsidies is expected to swell from the end of the year to the State Budget (APBN) target of IDR 94.5 trillion to IDR 163.5 trillion
Finance Minister Sri Mulyani Indrawati said the subsidy would be used to patch up the expenditure on fuel oil and electricity. Only, he did not mention the portion for both of these posts.
Meanwhile, the increase in subsidies is intended to reduce people's purchasing power. If purchasing power is disrupted, economic growth will be hampered. Economic growth, he continued, is crucial in the midst of monetary stabilization due to the depreciation of the rupiah against the US dollar.
"We have discussed this calculation with the Minister of Energy and Mineral Resources (ESDM), the Ministers of State-Owned Enterprises (BUMN), PT Pertamina (Persero), and PT PLN (Persero). Overall this maintains people's purchasing power and maintain the stability of external conditions, "explained Sri Mulyani, Tuesday (7/17).
The addition of these subsidies is also intended to ease the financial burden of Pertamina and PLN. On the one hand, Pertamina has a duty so that the price of subsidized fuel does not burden the public. Meanwhile, PLN also has the duty to carry out expansion and improve the electrification ratio.
However, he guarantees that the addition of subsidies does not burden the state budget. Because, the state budget deficit until the end of the year is projected at 2.12 percent of Gross Domestic Product (GDP) or smaller than the target of 2.19 percent.
However, he acknowledged that the primary balance in the second semester would be disrupted due to the addition of these subsidies. From the position of primary balance with a surplus value of Rp10 trillion throughout the first semester, later the primary balance until the end of the year recorded a deficit of Rp64.8 trillion.
"Thus the end of the year outlook for Indonesia's primary balance is still negative but lower than the State Budget Law, which is a deficit of Rp.87.8 trillion," he explained.
Data from the Ministry of Finance noted, the realization of energy subsidies per semester I of this year amounted to Rp59.5 trillion. That number has recorded 86.23 percent of this year's budget ceiling of Rp94.5 trillion.
Meanwhile, energy subsidy spending in the second semester is projected to reach Rp104 trillion. With a total subsidy expenditure of IDR 163.5 trillion this year, the government will increase spending by IDR 69 trillion. (lav / lav)
Finance Minister Sri Mulyani Indrawati said the subsidy would be used to patch up the expenditure on fuel oil and electricity. Only, he did not mention the portion for both of these posts.
Meanwhile, the increase in subsidies is intended to reduce people's purchasing power. If purchasing power is disrupted, economic growth will be hampered. Economic growth, he continued, is crucial in the midst of monetary stabilization due to the depreciation of the rupiah against the US dollar.
"We have discussed this calculation with the Minister of Energy and Mineral Resources (ESDM), the Ministers of State-Owned Enterprises (BUMN), PT Pertamina (Persero), and PT PLN (Persero). Overall this maintains people's purchasing power and maintain the stability of external conditions, "explained Sri Mulyani, Tuesday (7/17).
The addition of these subsidies is also intended to ease the financial burden of Pertamina and PLN. On the one hand, Pertamina has a duty so that the price of subsidized fuel does not burden the public. Meanwhile, PLN also has the duty to carry out expansion and improve the electrification ratio.
However, he guarantees that the addition of subsidies does not burden the state budget. Because, the state budget deficit until the end of the year is projected at 2.12 percent of Gross Domestic Product (GDP) or smaller than the target of 2.19 percent.
However, he acknowledged that the primary balance in the second semester would be disrupted due to the addition of these subsidies. From the position of primary balance with a surplus value of Rp10 trillion throughout the first semester, later the primary balance until the end of the year recorded a deficit of Rp64.8 trillion.
"Thus the end of the year outlook for Indonesia's primary balance is still negative but lower than the State Budget Law, which is a deficit of Rp.87.8 trillion," he explained.
Data from the Ministry of Finance noted, the realization of energy subsidies per semester I of this year amounted to Rp59.5 trillion. That number has recorded 86.23 percent of this year's budget ceiling of Rp94.5 trillion.
Meanwhile, energy subsidy spending in the second semester is projected to reach Rp104 trillion. With a total subsidy expenditure of IDR 163.5 trillion this year, the government will increase spending by IDR 69 trillion. (lav / lav)
Komentar
Posting Komentar