Broke...But Spendthrift

March 29, 2005

THE revision to the 2005 State Budget (APBN) proposed by the government last Wednesday may very well not be the last. The world crude oil price set as guideline has indeed been changed from US$24 per barrel to US$35. However, on the international market, the oil price is breaking all sorts of records. American light oil price on the New York Stock Exchange all through last year was traded at around US$55-57 per barrel. One of the reasons for the

...

More Articles