Indonesia weighs $13 billion subsidy hike to keep fuel cheap

While fiscal consolidation remains on track, the move would see the government take another chunk out of the state’s windfall revenue from commodity exports to keep fuel cheap.

Vincent Fabian Thomas

Vincent Fabian Thomas

The Jakarta Post

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Finance Minister Sri Mulyani Indrawati speaks during a press conference at the G20 Finance Ministers Meeting in Nusa Dua, Bali, on July 16.(AFP/Pool/Sonny Tumbelaka)

August 26, 2022

While fiscal consolidation remains on track, the move would see the government take another chunk out of the state’s windfall revenue from commodity exports to keep fuel cheap.

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