MOMENT

July 15, 2008

BUDGET
Energy Subsidy of Rp350 trillion

THE jump in the world crude oil price to US$140 per barrel has made the government really worried. Based on its calculations, energy subsidies next year will reach Rp350 trillion. According to Finance Minister Sri Mulyani Indrawati, oil subsidies will amount to Rp250 trillion and electricity between Rp80 trillion and Rp100 trillion. "This price jump is extremely burdensome," she said during a working meeting at

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