Sunday, March 17, 2013

Indonesia saddled with USD 21B fuel subsidy

Editorial: We Must Defuse the Subsidy Time Bomb | The Jakarta Globe: "As the global price of oil rises, Indonesia’s ability to afford its fuel subsidies will be severely tested.

The government is already under severe pressure to keep the budget deficit from ballooning and to reverse a growing trade deficit.

Subsidies are draining away funds that could be better used securing the country’s long-term economic future and improving people’s livelihoods. "

'via Blog this'

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