ID :
15820
Thu, 08/14/2008 - 09:17
Auther :
Shortlink :
https://www.oananews.org//node/15820
The shortlink copeid
STATE TO SAVE UP TO RP2.6 TLN IF OIL PRICE STAYS AT US$120 PER BARREL
Jakarta, Aug 13 (ANTARA) - The state will be able to save up to Rp2.6 trillion if the average oil price stays at US4120 a barrel until the end of 2008, a Finance Ministry official said.
"The current oil price is US$124 per barrel. The Finance Ministry calculates that the state will be able to save up to US$2.6 trillion if the oil price could be maintained at an average of US$120 a barrel," Anggito Abimayu, Head of Finance Ministry's Fiscal Policy Affairs, said here on Wednesday.
The saving of up to Rp2.6 trillion was made on the assumption that all ministries / state institutions used up to 100 percent of their expenditures in the 2008 state budget, he said.
"With the expenditure surplus of Rp2.6 trillion the state budget deficit which is estimated at 1.9 percent in 2008 will be reduced to 1.8 percent," he said.
He said that the realization of the 2008 state budget deficit would depend on the realization of ministries / state institutions' expenditures amounting to Rp290 trillion.
"Naturally, about 10 percent could be saved from ministries / state institutions' unspent budget but it is probable that they would absorb over 90 percent of the budget," Abimayu said.
The deficit of the revised 2008 state budget was set at 2.1 percent of the gross domestic product (GDP) or about Rp2.1 trillion. The figure is the difference between the state revenues/grant worth Rp895 trillion and state expenditure worth Rp989.3 trillion.
State revenues consisted of domestic income worth Rp892 trillion and grantw Rp2.9 trillion.
Domestic income consisted of Rp609.2 trillion in tax revenues and Rp282.8 trillion in non-tax receipts.
But in its semester one report of 2008, the government predicted that the deficit of the 2008 state budget would reach 1.9 percent or Rp90.6 trillion.
The figure is obtained from the difference between state revenue / grant amounting to Rp1,007 trillion and state expenditure worth Rp1,097.6 trillion.
"The current oil price is US$124 per barrel. The Finance Ministry calculates that the state will be able to save up to US$2.6 trillion if the oil price could be maintained at an average of US$120 a barrel," Anggito Abimayu, Head of Finance Ministry's Fiscal Policy Affairs, said here on Wednesday.
The saving of up to Rp2.6 trillion was made on the assumption that all ministries / state institutions used up to 100 percent of their expenditures in the 2008 state budget, he said.
"With the expenditure surplus of Rp2.6 trillion the state budget deficit which is estimated at 1.9 percent in 2008 will be reduced to 1.8 percent," he said.
He said that the realization of the 2008 state budget deficit would depend on the realization of ministries / state institutions' expenditures amounting to Rp290 trillion.
"Naturally, about 10 percent could be saved from ministries / state institutions' unspent budget but it is probable that they would absorb over 90 percent of the budget," Abimayu said.
The deficit of the revised 2008 state budget was set at 2.1 percent of the gross domestic product (GDP) or about Rp2.1 trillion. The figure is the difference between the state revenues/grant worth Rp895 trillion and state expenditure worth Rp989.3 trillion.
State revenues consisted of domestic income worth Rp892 trillion and grantw Rp2.9 trillion.
Domestic income consisted of Rp609.2 trillion in tax revenues and Rp282.8 trillion in non-tax receipts.
But in its semester one report of 2008, the government predicted that the deficit of the 2008 state budget would reach 1.9 percent or Rp90.6 trillion.
The figure is obtained from the difference between state revenue / grant amounting to Rp1,007 trillion and state expenditure worth Rp1,097.6 trillion.
