Realization Of Subsidy Budget And Energy Compensation As Of November 2024 Capai Rp333.6 Trillion

Deputy Minister of Finance (Wamenkeu) Suahasil Nazara. (Photo: Aris Nurjani/VOI)

JAKARTA - The Ministry of Finance (Kemenkeu) reported that the realization of the budget for subsidies and energy compensation reached IDR 333.6 trillion until November 2024.

Deputy Minister of Finance Suahasil Nazara conveyed that the budget realization consisted of an energy subsidy budget of IDR 157.2 trillion and energy compensation of IDR 176.4 trillion.

Suahasil conveyed that the subsidy consists of allocations for fuel, 3 kg LPG and subsidized electricity.

As for November 2024, the realization of the use of energy subsidies for fuel oil (BBM) was 15,105.6 million kiloliters (KL), an increase of 1.1 percent from the same period last year.

Then, the energy subsidy for LPG 3 Kg realization reached 6,858.2 million kilograms (Kg) or grew 1.9 percent compared to the same period last year.

Finally, subsidies for electricity reached 41.5 million subscribers, an increase of 4.4 percent compared to the same period in the previous year.

"The subsidy payments are carried out regularly every month to business entities that provide subsidized energy, namely Pertamina and PLN," said Suahasil at the Press Conference of our State Budget, Wednesday, December 11.

Suahasil menyampaikan pembayaran subsidi energi untuk kompensasi kuartal II sudah dibayar dan kompensasi kuartal III sedang dalam proses penelitian dan hadaan.

In addition to the energy subsidy, Suahasil conveyed that the realization of non-energy subsidies had reached Rp. 87 trillion, consisting of the distribution of People's Business Credit (KUR) of Rp. 269.5 trillion, an increase of 17.8 percent with the number of KUR debtors reaching 4.7 million people or growing 14.7 percent.

Then, the realization of subsidies for fertilizers reached 6.6 million tons, an increase of 15.8 percent.