ID :
80686
Sat, 09/19/2009 - 00:07
Auther :
Shortlink :
https://www.oananews.org//node/80686
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HOUSE, GOVT AGREE TO INCREASE FISCAL RISK RESERVE FUNDS
Jakarta, Sept 18 (ANTARA) - The House of Representatives (DPR) and the government have agreed to raise the state's fiscal risk reserve funds to Rp8.625 trillion from Rp5.6 trillion previously.
"We have agreed to raise the fiscal risk reserve funds by Rp3 trillion to Rp8.625 trillion," deputy chief of the House budgetary committee Suharso Monoarfa said after a working meeting with the government early Friday.
The reserve funds were raised at the government's request to anticipate developments in the global economy particularly crude prices, he said.
He said the funds totaling Rp8.6 trillion were expected to be able to cope with a possible change in crude prices in 2010.
Earlier, the government proposed that the reserve funds be raised by Rp3-Rp5 trillion. However, the House only agreed to raise the funds by Rp2.5-Rp3 trillion.
The House also agreed to allow the government to raise fuel oil prices if the Indonesian Crude Price (ICP) rose by up to 10 percent of the assumed price, he said.
"I think the figure is quite enough," he said.
But the National Mandate Party (PAN) said the government could raise the fuel prices only if the ICP increased by more than 20 percent.
The House and the government also agreed to change the assumed oil price in the draft 2010 state budget from US$60 to US$65 a barrel in reaction to an upward trend in global crude prices.
Director of Macro Planning at the National Development Planning Agency (Bappenas) Bambang Prijambodo said initially the US Department of Energy projected that global oil prices would reach US$72.4 a barrel in 2010 based on the price developments in the past two months. ***
"We have agreed to raise the fiscal risk reserve funds by Rp3 trillion to Rp8.625 trillion," deputy chief of the House budgetary committee Suharso Monoarfa said after a working meeting with the government early Friday.
The reserve funds were raised at the government's request to anticipate developments in the global economy particularly crude prices, he said.
He said the funds totaling Rp8.6 trillion were expected to be able to cope with a possible change in crude prices in 2010.
Earlier, the government proposed that the reserve funds be raised by Rp3-Rp5 trillion. However, the House only agreed to raise the funds by Rp2.5-Rp3 trillion.
The House also agreed to allow the government to raise fuel oil prices if the Indonesian Crude Price (ICP) rose by up to 10 percent of the assumed price, he said.
"I think the figure is quite enough," he said.
But the National Mandate Party (PAN) said the government could raise the fuel prices only if the ICP increased by more than 20 percent.
The House and the government also agreed to change the assumed oil price in the draft 2010 state budget from US$60 to US$65 a barrel in reaction to an upward trend in global crude prices.
Director of Macro Planning at the National Development Planning Agency (Bappenas) Bambang Prijambodo said initially the US Department of Energy projected that global oil prices would reach US$72.4 a barrel in 2010 based on the price developments in the past two months. ***
