Energy Subsidy in the 2018 State Budget Swells to Rp153.5 Trillion

JurnalHub. Government energy subsidy spending in the 2018 State Budget (APBN) has swelled around Rp59 trillion over the past year. This is because the realization of subsidized fuel, oil and gas and electricity expenditures reached Rp153.5 trillion as of January 2, 2019. In fact, the initial assumption was only Rp.94.5 trillion.

Finance Minister Sri Mulyani Indrawati said that the realization of energy subsidy spending had swelled because there had been an increase in crude oil prices in the world market since the beginning of 2018.

"The increase in world crude oil prices makes fuel and LPG subsidies increase from the initial assumption," Ani said, as he was familiarly called, at the Ministry of Finance on Wednesday.
In addition, the increase in energy subsidy spending was also affected by the weakening of the rupiah exchange rate. The average rupiah exchange rate of Rp14,247 per US dollar (US) throughout 2018 with a depreciation rate of 6.89 percent.

Not to forget, the government also increased subsidy payments for Solar type fuel, increasing from Rp500 per liter to Rp2,000 per liter. Then, there were also electricity subsidy debt payments last year.

More specifically, the contribution of energy subsidies comes from fuel and LPG subsidies of Rp. 97 trillion or 207 percent of the initial target of Rp. 46.9 trillion. While the realization of electricity subsidies reached IDR 56.5 trillion or 118.6 percent of the assumption of IDR 47.7 trillion.

Whereas the realization of non-energy subsidies amounted to IDR 63.3 trillion or 102.5 percent compared to the initial assumption in the 2018 State Budget of around IDR 61.7 trillion. While the total realization of subsidies as a whole has reached Rp216.8 trillion or 138.8 percent of the target of Rp156.2 trillion.

Komentar

Posting Komentar

Postingan populer dari blog ini

Prabowo: Weak Currency Mirror Weak Economy

FaktaId . Presidential candidate number 2, Prabowo Subianto again mentioned the rupiah exchange rate against the US dollar which was still weak. According to Prabowo, a weak rupiah currency is a mirror that the Indonesian economy is also weak. "A weak currency is a weak mirror of the economy, if the strong economy of our currency is strong," Prabowo said in the 'Chat with 300 Generals & Intellectuals' event, in Jakarta, Saturday (9/22). Prabowo said there had been a decline in the rupiah exchange rate against the US dollar in the past five years. According to him, in the past five years, US $ 1 was equal to Rp. 9 thousand, while at this time US $ 1 almost reached Rp. 15 thousand. "So the wealth value of Indonesia goes down," said the General Chair of the Gerindra Party. Prabowo said that the weak value of the currency was also due to injustice in Indonesia. The former Commander General of the Special Forces Command (Kopassus Danjen) said 1 percent of the...
Baca selengkapnya

Prabowo Highlights the Needs of the Minister of Disaster, Imitation of Russia

LensaAktual . Candidates for President Prabowo Subianto said there was a need for a special minister to handle disasters. This is not separated from Indonesia's position in the ring of fire which is prone to natural disasters. "We already know that our country is in a region full of natural disasters; earthquakes, tsunamis, volcanic eruptions. That is the risk of an archipelagic country in the ring of fire, in the southern Pacific," Prabowo said in Prabowo Subianto's National Year Lecture, in Hambalang , Bogor, which was uploaded on his Facebook page on Sunday. "In many countries, the minister who deals with natural disasters is one of the most important ministers. Russia, the minister is a four-star general," he continued. According to Prabowo, the risk of major natural disasters in Indonesia must be addressed with complete preparation in terms of technology and disaster logistics. For example, food reserves, clothing, medicines, and also rapid reacti...
Baca selengkapnya

Sandiaga: Submission of Vision-Mission by Paslon Proof of Seriousness

KolomFakta . Candidate vice president number 02 Sandiaga Uno insisted that the reading of the vision and mission be carried out by both presidential and vice presidential partners. According to him, this is a form of seriousness to carry out the vision and mission if later elected as president and vice president. "We have to read it ourselves. This is a form of seriousness, we read it ourselves from the pair of candidates for the vision and mission," Sandi said at the Dakwah Building, Jalan Kramat Raya, Central Jakarta, Wednesday night. According to Sandi, the delivery of the vision and mission directly conveyed by the two candidates was very crucial. Because people really need to know what is their goal when deciding to become leaders in this country. "For us, something very important and crucial for us is to convey it ourselves from our own mouth. So don't let it be read out not by the candidate pair," he said. Therefore, Sandi also said that he would still re...
Baca selengkapnya