Photo Illustration / Banten.news
Jakarta, Spasi-id.com - due to recent increase in BBM prices in the government, poverty rate in Indonesia is expected to reach 10.3 percent by September 2022 due to recent increase in BBM prices in the government.
"After analysis, the poverty potential can exceed poverty at the time of the CoviD-19 pandemic, possibly reach 10.3 percent in September 2022," said the Research Center of Industry, Trade, and Investment Institute for Development of Economics and Finance.
BBM prices, according to him, will create annual inflation by September 2022 to 1.86 percent and annual inflation by 2022 to 7.7 percent.
"Economic growth will also decrease minus 0.02 percent by rising on BBM prices, with less than 0.65 percent domestic consumption and an investment of 1.7 percent," he said.
According to him, the real income of rural communities can go down 1.28 percent to 1.63 percent due to the rising price of BBM, while real income in cities can go down 1.15 percent to 2.58 percent.
"It will also be a huge challenge due to increased energy costs,
For that the government needs to set up a relief program for the real-estate sector that has increased production costs. The government also assesses need to add a bansos budget for people to press poverty.
