JAKARTA - Asked about the worst scenario if the closure of the Strait of Hormuz had an impact on soaring import oil prices and pressured the deficit, Finance Minister Purbaya Yudhi Sadewa pointed out one initial step, namely streamlining state revenues, there must be no leaks.
"We just make sure that our first tax collection, our tax collection with the Customs Service, is not leaked. That has reduced the pressure on the deficit," said Purbaya at the Presidential Palace complex in Jakarta, Tuesday, March 3.
According to him, after that the government will only calculate the impact and determine the next steps.
"Later, if it is good, we will see what the impact is, we will only calculate the steps we need to take," he said.
Purbaya also responded to the issue of the remaining 20 days of fuel stocks that had previously been mentioned by the government. He emphasized that the figure was only a problem if the supply stopped completely.
"20 days, if there is no supply at all, it will be chaotic. But usually it's not like that. We can definitely get supplies but the price is a little higher," he said.
Purbayya assessed that the deficit could still be maintained and the economy would still move, as long as domestic demand remained strong.
"Even if it is above, as long as we can maintain domestic demand, which contributes 90 percent to the economy, we can still survive," he said.
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