VIVAnews - The Department of Finance revealed that the fund allocation for oil and gas profit share of four provinces may decrease this year.
"Not all provinces experience decrease in profit share fund allocation," said Finance Minister Sri Mulyani Indrawati on Wednesday, March 4.
The four provinces include Riau, East Kalimantan, Nanggroe Aceh Darussalam and West Papua.
Of the estimated profit share decrease of Rp 12.1 trillion (US$999.5 million), the decreased share of the four provinces were not revealed.
According to Sri Mulyani, despite the decrease, the provincial government still possesses additional fund from the regional budget surplus. The fund is considered as having capable of being utilized to add regional budget.
Finance Minister went on to say that the impact of the adjusted macro assumption in the 2009 State Budget caused fund transfers to the regions decreased by Rp 17.6 trillion (US$1.4 billion).
"The lower transfers were due to the fact that oil and gas profit share decreased to Rp 68.1 trillion (US$5.6 billion) by virtue of the fallen Indonesia crude price (ICP)," she said.
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Translated by: Bonardo Maulana Wahono
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