The Green Light

The DPR has agreed to the budget revisions as long as VAT isn't increased—and it won't be. But problems regarding the exchange rate of the rupiah and SBI interest still remain.

June 12, 2001

THE wait is over. The government has raised fuel prices by an average 30 percent with effect from last Saturday. The decision was taken following speculation last week that the government would postpone fuel price hikes. If deferred, the 2001 state budget would have been in danger of faltering and Indonesia would face difficulties dealing with the International Monetary Fund (IMF) and the Paris Club. The problem is that the IMF is stubbornly stic...

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