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73650
Mon, 08/03/2009 - 21:11
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GOVT ALLOCATES RP13.4 TRILLION FOR TAX SUBSIDIES
Jakarta, Aug 8 (ANTARA) - The government in the 2010 draft state budget is allocating Rp13.4 trillion in tax subsidies in order to boost the growth of industry and priority sectors, a minister said.
"The tax subsidies worth Rp13.4 trillion are allocated to boost priority sectors such as oil and gas investments," Acting Chief Economic Minister Sri Mulyani Indrawati said here on Monday.
She made the statement when explaining the government's financial note and the 2010 Draft State Budget, at the office of the director general for taxation.
Present on the occasion were Bank Indonesia (BI) Senior Deputy Governor Darmin nasution, Minister for National Development Planning/Head of the National Planning Board (Bappenas), Paskah Suzetta and a number of echelon I officials of the the finance ministry and the office of the chief economic minister.
The acting chief economic minister said that the tax subsidies would be in the form of government-borne income tax (PPhDPT), government-borne Value added tax (PPN) and government-borne import duty.
The government has decided to set aside a fund of Rp144.4 trillion for subsidy allocation in 2010. This figure is smaller than that of the 2009 revised budget amounting to Rp157.73 trillion.
The 2010 subsidy allocation accounts for 14.3 percent of the total 2010 draft state budget.
The Rp144.4 trillion subsidy allocation consisted of Rp99.4 trillion subsidy for the energy sector and Rp44.9 trillion for non energy sector.
Energy subsidies consisted of Rp59 trillion for fuel oils and Rp40.4 trillion for electricity subsidy. While the non-oil subsidies comprise various tax subsidies which totaled Rp13.4 trillion.
Besides tax subsidies, there are also a food subsidy worth Rp11.8 trillion, fertilizer Rp11.3 trillion, seedlings Rp1.6 trillion, program credit interest Rp5.3 trillion and public service obligation (PSO) Rp1.5 trillion.
The minister said that the government allocated the Rp1.5 trillion PSO fund in an effort to alleviate the people's burden in the transportation and public information.
"The PSO allocation is set for economy class train services (PT Kreta Api) economy class sea transportation services (PT Pelni), branch postal offices outside cities (PT Posindo) and public information (LKBN ANTARA).***
"The tax subsidies worth Rp13.4 trillion are allocated to boost priority sectors such as oil and gas investments," Acting Chief Economic Minister Sri Mulyani Indrawati said here on Monday.
She made the statement when explaining the government's financial note and the 2010 Draft State Budget, at the office of the director general for taxation.
Present on the occasion were Bank Indonesia (BI) Senior Deputy Governor Darmin nasution, Minister for National Development Planning/Head of the National Planning Board (Bappenas), Paskah Suzetta and a number of echelon I officials of the the finance ministry and the office of the chief economic minister.
The acting chief economic minister said that the tax subsidies would be in the form of government-borne income tax (PPhDPT), government-borne Value added tax (PPN) and government-borne import duty.
The government has decided to set aside a fund of Rp144.4 trillion for subsidy allocation in 2010. This figure is smaller than that of the 2009 revised budget amounting to Rp157.73 trillion.
The 2010 subsidy allocation accounts for 14.3 percent of the total 2010 draft state budget.
The Rp144.4 trillion subsidy allocation consisted of Rp99.4 trillion subsidy for the energy sector and Rp44.9 trillion for non energy sector.
Energy subsidies consisted of Rp59 trillion for fuel oils and Rp40.4 trillion for electricity subsidy. While the non-oil subsidies comprise various tax subsidies which totaled Rp13.4 trillion.
Besides tax subsidies, there are also a food subsidy worth Rp11.8 trillion, fertilizer Rp11.3 trillion, seedlings Rp1.6 trillion, program credit interest Rp5.3 trillion and public service obligation (PSO) Rp1.5 trillion.
The minister said that the government allocated the Rp1.5 trillion PSO fund in an effort to alleviate the people's burden in the transportation and public information.
"The PSO allocation is set for economy class train services (PT Kreta Api) economy class sea transportation services (PT Pelni), branch postal offices outside cities (PT Posindo) and public information (LKBN ANTARA).***
