Indonesia Government’s Proposed 2012 Budget Revisions

Indonesia’s government submitted proposed revisions to the 2012 budget to parliament. The revisions will be discussed starting today, and a final agreement may be reached this month.

The following table lists some of the proposed revisions.

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Item            Current Budget Assumption      Proposed Revision
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Deficit         1.5% of GDP                    2.2% of GDP
Inflation       5.3%                           7.0%
GDP             6.7%                           6.5%
Rupiah Average
Level           8,800/Dollar                   9,000/Dollar
Oil Price       $90/BBL                        $105/BBL
Oil Sales       950,000 BBL/Day                $930,000 BBL/Day
Energy
Subsidies       168.55T Rupiah                 $230.43T Rupiah

Government proposes a temporary cash transfer to 18.5 million
poor household for nine months of 150,000 rupiah per month.

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To contact the reporter on this story: Hidayat Setiaji in Jakarta at hsetiaji@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net

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