Fuel prices Surely Up

Indobusiness - President Susilo Bambang Yudhoyono to make sure the increase in fuel prices in the near future. Minister of Energy and Mineral Resources Jero Wacik said the government would raise the price of subsidized fuel this June.
"In the Revised Budget (Draft State Budget Amendment), the large amount of subsidy will worsen the economy's decrease. The consequence is the increasing fuel prices (fuel oil). We also save on spending ministries and agencies, "said President Yudhoyono on Wednesday (12/6), at the Presidential Office, Jakarta, when closing a limited cabinet meeting to discuss recent economic developments.
President Yudhoyono said the government and the Dewan Perwakilan Rakyat (DPR) also are struggling to keep the deficit through discussion Revised State Budget 2013. The Government and the House Budget Committee in a meeting led by Ahmadi Noor Supit, in Jakarta, agreed on the amount of deficit Revised State Budget 2013. Meeting was attended by Finance Minister Chatib Basri, governor of Bank Indonesia Agus DW Martowardojo, and Minister for National Development Planning / Head of National Development Planning Armida Salsiah Alisjahbana. The budget deficit in the posture of Proposed Revised 2013 agreed amounted to 2.38 percent of gross domestic product (GDP). This figure is lower than the deficit in the Proposed Revised original, which is 2.48 percent.

The budget deficit in the posture of Proposed Revised 2013 amounted to Rp 224 trillion. Originally, the deficit was pegged at Rp 231 trillion.
Decline in the deficit was due to government measures to control subsidies, including subsidies. In addition, the government also optimize a number of budget lines.
"If the government does not control the subsidies, the deficit will amount to 3.83 percent of GDP," said Chatib.
In the results of the Working Committee A in posture Revised Budget 2013 that was agreed yesterday, the state revenues to Rp 1,502 trillion, Rp 13.679 of the Revised State Budget earlier. As for state spending of Rp 1.726 trillion, an increase of Rp 4.1 trillion from the previous figure. In terms of inflation in 2013, the meeting agreed by 7.2 per cent to 6.3 per cent economic growth.
Acting Head of the Ministry of Finance of fiscal policy Bambang Soemantri Brodjonegoro were intercepted after the meeting said the attitude of the House of Representatives agreed on posture Proposed Revised 2013 This is a positive signal. "Lawmakers have agreed on outside estimates. For example, the budget deficit, which may be the market feared dead end, "said Bambang.
Meanwhile, Wacik, after meeting with Commission VII of the House of Representatives, said the increase in fuel prices that will be applied after the House approved the Revised State Budget 2013. "We are targeting June fuel prices have increased," he said.
Currently, the government has set up social protection for poor people affected by fuel price increases. Compensation was in the form of addition of rice to the poor, increasing the number of scholarships for children of poor families, and the addition of direct aid while people of Rp 150,000 per family for five months since the fuel price increase.