- VIVAnews/Anhar Rizki Affandi
VIVAnews – The House of Representatives (DPR) will set two options proposed by the government, whether there should be fuel price rise or not in the Plenary Session today, Friday, March 30.
Chief economist of Danareksa Research Institute, Purbaya Yudhi Sadewa, said if the option to raise the price of subsidized fuel is selected, then the the nation would experience static economy economy within six months.
“It's common to have such a situation following the necessary adjustments. However, it’s better than the second option,” he told VIVAnews in Jakarta, Friday.
Therefore, he suggested that the rise of subsidized fuel is followed by compensation fund in the form of Public Temporary Direct Aid (BLSM) and infrastructure development, which should be realized by the government.
“If not, everything will be useless as the economic growth will slow down and the budget deficit against the GDP (gross domestic product) would continue to grow,” said Purbaya.
The government will still propose the first option into the Plenary Meeting at the House of Representatives (DPR). The option specifies the total energy subsidies established in the Revised State Budget of 2012 worth Rp225 trillion.
Finance Minister, Agus Martowardojo, said that the subsidies include fuel subsidy of Rp137 trillion, electricity subsidy of Rp64.9 trillion, while the rest is allocated for energy reserves.
The option sets the budget deficit at 2.23 percent against the GDP. The deficit can be achieved if the government increases the subsidized fuel price by at least Rp1,500 per liter.
Duit Ditjen Holtikultura Kementan yang Mengalir ke SYL Bikin Kaget
Direktur Jenderal Hortikultura Kementan Prihasto Setyanto menyebut sudah ada miliaran rupiah uang Direktorat Jenderalnya yang mengalir kepada Syahrul Yasin Limpo atau SYL
