It will be difficult for the government to maintain the ceiling of the fuel subsidy budget because there are too many factors pushing it up, a finance ministry official said.
The postponement of the government’s plan to limit subsidized fuel oil consumption alone already had the potential of causing the fuel subsidy budget to surpass its ceiling or the need to increase the subsidy budget, Herry Purnomo, the finance ministry’s director general for budget affairs, said here Wednesday.
The other factors include the rise in the price of Indonesian crude oil (ICP). He said the finance ministry’s fiscal policy agency (BKF) had been calculating the assumption for the requirement for subsidized fuels by taking into account various factors, such as the rise of the ICP, exchange rates and the ceiling for the amount of subsidized fuels.
The need for the increase of the subsidy has been made by just the postponement of limitation on the consumption of subsidized fuels. The allocated fuel subsidy fund in the 2011 state budget of revenue and expenditure reaches 98.2 trillion rupiahs.
The consumption of subsidized fuels as of end of March 2011 has come to 9.7 million kiloliters, whereas the state budget assumption is 38.6 million kiloliters for the whole year.
The government has also disbursed the subsidies in the amount of 32.4 trillion rupiahs including subsidies for fuels amounting to 18.1 trillion rupiahs, electricity 6.5 trillion rupiahs and non-energy or food 7.6 trillion rupiahs. Fuel subsidies have been on the increase because of the increase on the number of motor vehicles in Indonesia.
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