Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Robert Sidauruk
Bank Indonesia (BI) reports that the high import of oil and gas up until the end of September this year has led to a deficit in the national current account. To overcome this, BI has suggested that the Government make structural changes to the energy supply mechanism in Indonesia.
Mirza Adityaswara, the Deputy Governor of BI, indicated that the oil fuel price increases implemented by the Government have failed to suppress oil and gas imports.
“The key is to reduce the value of oil and gas imports. It is hoped that the Government can keep the import value at a certain level,” added Mirza at BI’s main office in Jakarta last Friday.
Mirza, however, believes that the level of oil and gas imports indicates that the national economy is becoming more vibrant. This is because the majority of national industries are sustained by oil and gas as to meet their energy needs.
The deficit itself, according to Mirza, will gradually improve in the fourth quarter of 2013. Mirza explained that this improvement will be triggered by global economic growth trends in several countries such as China, Japan, and the United States.
“The growth in the global economy will contribute to capital inflow into Indonesia in the form of Government Bonds and State Securities in the bond market starting from this October this year,” said Mirza.
Suryamin, the Head of Indonesia’s Central Statistics Agency (Badan Pusat Statistik) reported that oil and gas imports in September 2013 reached USD 3.67 million, a decrease of 0.06% compared to the directly preceding month of August. However, this figure is still considered high as it represents an increase of 6.59% compared to September 2012.
“For the last 13 months, the highest oil and gas import value occurred in July 2013 reaching USD 4.14 million. The lowest figure was in May 2013 at USD 3.43 million” informed Suryamin.
(hot/kc)
Fathan Qorib, Robert Sidauruk
Bank Indonesia (BI) reports that the high import of oil and gas up until the end of September this year has led to a deficit in the national current account. To overcome this, BI has suggested that the Government make structural changes to the energy supply mechanism in Indonesia.
Mirza Adityaswara, the Deputy Governor of BI, indicated that the oil fuel price increases implemented by the Government have failed to suppress oil and gas imports.
“The key is to reduce the value of oil and gas imports. It is hoped that the Government can keep the import value at a certain level,” added Mirza at BI’s main office in Jakarta last Friday.
Mirza, however, believes that the level of oil and gas imports indicates that the national economy is becoming more vibrant. This is because the majority of national industries are sustained by oil and gas as to meet their energy needs.
The deficit itself, according to Mirza, will gradually improve in the fourth quarter of 2013. Mirza explained that this improvement will be triggered by global economic growth trends in several countries such as China, Japan, and the United States.
“The growth in the global economy will contribute to capital inflow into Indonesia in the form of Government Bonds and State Securities in the bond market starting from this October this year,” said Mirza.
Suryamin, the Head of Indonesia’s Central Statistics Agency (Badan Pusat Statistik) reported that oil and gas imports in September 2013 reached USD 3.67 million, a decrease of 0.06% compared to the directly preceding month of August. However, this figure is still considered high as it represents an increase of 6.59% compared to September 2012.
“For the last 13 months, the highest oil and gas import value occurred in July 2013 reaching USD 4.14 million. The lowest figure was in May 2013 at USD 3.43 million” informed Suryamin.
(hot/kc)