Fuel Prices Don't Rise, Sri Mulyani Conveys Option To Take Subsidy Budget 2023 IDR 195 Trillion

Minister of Finance Sri Mulyani (Photo: screenshot of the Ministry of Finance Youtube)

JAKARTA - The government through the Minister of Finance (Menkeu) Sri Mulyani has so far decided not to change the price of subsidized fuel oil (BBM). This step was explained by the Minister of Finance in a press conference today. "With increased consumption, namely pertalite from a quota of 23 million kilo liters to 29 million kilo liters and diesel from 15.1 million kilo liters to 17.4 million kilo liters, we will still it is necessary to increase the subsidy/compensation budget of Rp. 195.6 trillion. This means that our subsidy budget of IDR 502 trillion will be IDR 698 trillion," he said on Friday, August 26. the people," he said. The minister added, if the additional budget of Rp195.6 trillion could be allocated for the 2023 bill. "If we don't provide it this year, it will be billed in the 2023 state budget. /compensation next year amounting to Rp336.3 trillion. So if there is a bill (subsidy) in 2023, some of it will have been used in 2022. Now this could later cause the same problem again, "he said.

For information, this year the government gets a windfall from an increase in commodity prices of Rp420 trillion. Most of this value is included in the subsidy/compensation sector. Then it is channeled to education mandates, as well as revenue-sharing funds to the regions. If all the Rp420 trillion 'surprise money' is included in subsidies/compensation, then the value is still not sufficient for the Rp698 trillion needed. The reason is, in the initial stipulation in the 2022 State Budget Law, the subsidy budget was only Rp. 158 trillion.