Minister of Finance Purbaya Says the Government Does Not Need to Raise the Price of Subsidized Fuel, the State Budget is Claimed to be Safe

Jakarta - Minister of Finance (Menkeu) Purbaya Yudhi Sadewa emphasized that the government would not raise the price of subsidized fuel in the midst of soaring world oil prices, even it could touch 116 US dollars per barrel.

To reporters at the Presidential Palace Complex, Jakarta, Thursday, March 19, the Minister of Finance Purbaya also ensured that the state budget was able to withstand shocks. However, according to the Minister of Finance Purbaya, there are a number of things that must be done, namely saving spending.

It is planned that the average budget reduction will be 10 percent. This is also according to the Minister of Finance Purbaya so that the state budget deficit is maintained below 3 percent.