ID :
78241
Thu, 09/03/2009 - 23:20
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Shortlink :
https://www.oananews.org//node/78241
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GOVT ASKS FOR INCREASE IN FISCAL RISK RESERVES
Jakarta, Sept 3 (ANTARA) - Finance Minister Sri Mulyani said the government had asked the House of Representatives (DPR) to increase the 2010 fiscal risk reserves now amounting to Rp5.6 trillion.
"We have not yet mentioned the amount for the increase but we said that the Rp5.6 trillion fiscal risk reserves are very small if compared with economic uncertainties," the finance minister said after a meeting with the House budgetary committee here on Wednesday.
She said oil price fluctuations now had caused uncertainties although the oil price assumption in the state budget had been increased from 60 US dollars per barrel to 65 US dollars per barrel.
The country is also facing various other risks from the economic growth and the rupiah exchange rate aspects. This is because global economic turmoil is still taking place.
"In 2010, uncertainties will still exist because of global financial crisis. This will affect the 2010 state revenues due to the change in the macro assumption in the state budget," Minister Mulyani said.
She said that the Rp5.6 trillion fiscal risk reserves were far smaller than the 2009 risk reserves which reached Rp15 trillion.
In the meantime, deputy chairman of the budgetary commission of the House of Representatives, Suharso Monoarfa, said that his side would accept the proposal to increase the fiscal risk reserves.
But because now was a momentum for recovering economy, the increase in fiscal risk reserves could not reach Rp15 trillion level as that in 2009. This is because in 2009, the economic crisis was strongly felt in Indonesia, he said.
"We can tolerate an additional amount of Rp3 trillion, or a total of Rp8.5 trillion. I think in 2010 smaller amount (than that in 2009) is enough because the economic recovery is expected to be better so that wider deviations from assumption would not happen," he said.***2***
"We have not yet mentioned the amount for the increase but we said that the Rp5.6 trillion fiscal risk reserves are very small if compared with economic uncertainties," the finance minister said after a meeting with the House budgetary committee here on Wednesday.
She said oil price fluctuations now had caused uncertainties although the oil price assumption in the state budget had been increased from 60 US dollars per barrel to 65 US dollars per barrel.
The country is also facing various other risks from the economic growth and the rupiah exchange rate aspects. This is because global economic turmoil is still taking place.
"In 2010, uncertainties will still exist because of global financial crisis. This will affect the 2010 state revenues due to the change in the macro assumption in the state budget," Minister Mulyani said.
She said that the Rp5.6 trillion fiscal risk reserves were far smaller than the 2009 risk reserves which reached Rp15 trillion.
In the meantime, deputy chairman of the budgetary commission of the House of Representatives, Suharso Monoarfa, said that his side would accept the proposal to increase the fiscal risk reserves.
But because now was a momentum for recovering economy, the increase in fiscal risk reserves could not reach Rp15 trillion level as that in 2009. This is because in 2009, the economic crisis was strongly felt in Indonesia, he said.
"We can tolerate an additional amount of Rp3 trillion, or a total of Rp8.5 trillion. I think in 2010 smaller amount (than that in 2009) is enough because the economic recovery is expected to be better so that wider deviations from assumption would not happen," he said.***2***
