THE GOVERNMENT confirmed that there was no dialogue concerning rising the value of gas oil (BBM). It’s also sure that the allocation of state funds to subsidize petrol will nonetheless be ample till the tip of the yr as deliberate.
“Till now there was no dialogue concerning doable gas costs with the Ministry of Vitality and Mineral Assets. Up to now we’re persevering with to attempt to handle it in order that it stays inside the vary supplied within the APBN,” stated Director Common of Price range on the Ministry of Finance Isa Rachmatarwata within the APBN press convention, Thursday (27/6 ).
This yr the federal government allotted a subsidy funds for sure gas and three kg LPG amounting to IDR 113.27 trillion. These funds are to subsidize 8.03 million metric tons of Kg LPG fuel and 19.58 million kiloliters of sure fuels.
In the meantime, the belief of the subsidy quantity till Might 2024 is 5.57 million kiloliters of gas and a pair of.7 million metric tons of three kg LPG. Sponsored gas consumption can also be 1% decrease in comparison with the identical interval final yr.
The state cash spent on gas subsidies till Might 2024 is IDR 6.6 trillion, and IDR 26.8 trillion for 3 Kg LPG. Due to this fact, stated Isa, there isn’t any urgency for the federal government to cut back subsidy prices or enhance gas costs.
This situation can also be thought of to ease the stress that comes from rupiah volatility. The reason being that a lot of the gas comes from imported oil.
Additionally learn: Concerning the destiny of gas subsidies, the federal government remains to be paying shut consideration to the most recent developments
“We aren’t but underneath stress from the ICP (Indonesia Crude Value) facet. However from the alternate price facet we’re beginning to get stress from gas subsidies. Gas consumption remains to be slightly underneath management, that is what we repeatedly have to do,” defined Isa.
Nonetheless, he was reluctant to element the projections for future gas costs and the calculation of subsidies that will probably be issued till the tip of this yr. Isa solely ensured that the DPR and the federal government had agreed on funds flexibility by way of subsidies.
“For this subsidy, the APBN has been agreed upon by the DPR and the federal government to be versatile for this subsidy want,” he stated.
Additionally learn: Minister of Finance Sri Mulyani: Social Help is an instrument within the APBN
On the identical event, Minister of Finance Sri Mulyani Indrawati revealed that precise spending on subsidies till Might 2024 had reached IDR 77.8 trillion, a rise of three.8% in comparison with the identical interval in 2023 amounting to IDR 75.1 trillion.
Other than subsidies for gas and three kg LPG, this realization was additionally contributed by electrical energy subsidies and curiosity subsidies for folks’s enterprise credit score (KUR). In whole, the worth of power subsidies till Might 2024 reached IDR 56.9 trillion and non-energy subsidies amounted to IDR 21.0 trillion.
“So the APBN works immediately for the group, each by means of subsidies for gas, LPG, electrical energy, and by small companies amounting to 2 million (debtors) as much as IDR 114 trillion in credit score with sponsored curiosity,” concluded Sri Mulyani. (Mir)
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