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A Half-Hearted Cut

Monday, September 12, 2022

The government finally increases fuel prices. Rising inflation could be tackled by social assistance and by investigating the causes of price rises.

arsip tempo : 176920248747.

A Half-Hearted Cut . tempo : 176920248747.

THE decision by President Joko Widodo to increase the price of fuel was met with a positive response from the markets. His excessive concerns that reducing subsidies, in order to save state finances, would lead to national political and economic instability proved unfounded.

Spending on energy subsidies this year will be the highest in history at Rp502.4 trillion. This is three times higher than the initial allocation of

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