Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami
Fathan Qorib, Andin Aditya Rahman
In anticipation of the Government exercising its discretion to increase the price of subsidized fuel , Bank Indonesia (BI) has prepared a policy package in preparation forsuch an increase. The policy package covers matters relating to macro prudential issues, interest rates and liquidity, BI rates, and BI deposit facilities.
“BI is ready to respond in a timely fashion with a mix of policies,” stated Agus Martowadojo, Governor of BI, at BI’s main office, last Friday June 7..
Agus affirmed that the increase in the price of subsidized fuel will affect Indonesia’s inflation rate, and will therefore need to be responded to with a mix of policies.
As there will be a need to later determine the extent of each aspect of policy, BI will continue to monitor the 2013 State Budget amendment (RAPBNP) discussions between the Government and the House of Representatives.
“Generally, our greatest attention is on the 2013 RAPBNP. In regard to the markets, we will continue to supervise them. The majority of our attention will be focused on RAPBNP discussions and inflation,” asserted Agus.
Even though increasing the price of subsidized fuel is a matter fully under the auspices of theGovernment, Agus expected coordination between the Government, the House of Representatives, and BI.
“BI will see if the increase in the price of subsidized fuel will impact on Indonesia’s inflation, but the circumstances of the poor must also be given attention,” concluded Agus.
Earlier this year, the Government decided to increase the price of subsidized fuel , which is planned to be announced on the 17th this month..
The Minister of Finance, Chatib Basri, asserted that the increase in the price of subsidized fuel is necessary in order to reallocate State Budget funds to other government programs.
Chatib stated that some government programs are in need of greater attention including Temporary Financial Aid (Bantuan Langsung Sementara Masyarakat – BLSM), Student Aid (Bantuan Siswa Miskin – BSM), and infrastructure for villages throughout Indonesia.
Chatib explained that the decision to increase the price of subsidized fuel is not only due to the State Budget deficit, but also the unfairness of the subsidy. He commented that subsidized fuel is being enjoyed by the upper-middle class while it should be for the benefit of the underprivileged in society.
(hot/keld)
Fathan Qorib, Andin Aditya Rahman
In anticipation of the Government exercising its discretion to increase the price of subsidized fuel , Bank Indonesia (BI) has prepared a policy package in preparation forsuch an increase. The policy package covers matters relating to macro prudential issues, interest rates and liquidity, BI rates, and BI deposit facilities.
“BI is ready to respond in a timely fashion with a mix of policies,” stated Agus Martowadojo, Governor of BI, at BI’s main office, last Friday June 7..
Agus affirmed that the increase in the price of subsidized fuel will affect Indonesia’s inflation rate, and will therefore need to be responded to with a mix of policies.
As there will be a need to later determine the extent of each aspect of policy, BI will continue to monitor the 2013 State Budget amendment (RAPBNP) discussions between the Government and the House of Representatives.
“Generally, our greatest attention is on the 2013 RAPBNP. In regard to the markets, we will continue to supervise them. The majority of our attention will be focused on RAPBNP discussions and inflation,” asserted Agus.
Even though increasing the price of subsidized fuel is a matter fully under the auspices of theGovernment, Agus expected coordination between the Government, the House of Representatives, and BI.
“BI will see if the increase in the price of subsidized fuel will impact on Indonesia’s inflation, but the circumstances of the poor must also be given attention,” concluded Agus.
Earlier this year, the Government decided to increase the price of subsidized fuel , which is planned to be announced on the 17th this month..
The Minister of Finance, Chatib Basri, asserted that the increase in the price of subsidized fuel is necessary in order to reallocate State Budget funds to other government programs.
Chatib stated that some government programs are in need of greater attention including Temporary Financial Aid (Bantuan Langsung Sementara Masyarakat – BLSM), Student Aid (Bantuan Siswa Miskin – BSM), and infrastructure for villages throughout Indonesia.
Chatib explained that the decision to increase the price of subsidized fuel is not only due to the State Budget deficit, but also the unfairness of the subsidy. He commented that subsidized fuel is being enjoyed by the upper-middle class while it should be for the benefit of the underprivileged in society.
(hot/keld)