The Asian Voice

The government should bite the bullet to prevent fiscal time bomb: Jakarta Post contributor

The writer says Indonesia has lived too long with artificially low inflation and our businesses have been too complacent with energy subsidies.

Indonesian motorbike drivers refuel their vehicles at a Pertamina's gas station in Depok, Indonesia, on Sept 1, 2022. PHOTO: EPA-EFE
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JAKARTA (THE JAKARTA POST/ASIA NEWS NETWORK) - The government is still considering the social and economic risks of cutting fuel subsidies and calculating the levels of fuel price rises and their impact on the economy in general.

It has also allocated Rp 24.17 trillion (S$22.6 billion) for cash transfers under the social safety net programs to shield the most vulnerable families from the impact of the general price increase.

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