The Government of Signal Strong Signals the price of BBM Increases

Finance News
Photo: Doc.

Jakarta - Minister of Investment - Modal Funding Agency (BKPM) Bahlil Ladahlia again mentioned a load of BBM subsidies against APBN. Bahilil calls BBM prices on APBN US$ 63 - US$ 70 a barrel, while the price of oil continues to soar.
"The price of oil in our APBN is about US$ 63 - US$ 70 a barrel. Now world oil prices from January to July US$ 105 a barrel. Today it's US.$ 100 / barrel, our subsidies can reach Rp 500 trillion, "Bahlil in the Ministry of Investment Building, Friday (12 / 8 / 2022).

In fact, if the price of oil is above the US$ 100 and the government holds the price, so government subsidies can touch Rp 600 trillion. The assumption is that the dollar curve is at Rp 14,750, and the government adds a Pertalite quota of 23 million Killers to 29 million killers.

Bahlil explains that Rp subsidies of 500 trillion are equal to 25% of APBN's total income.

The former HIPMI chairman added, a high fuel price is common in Papua. Even when the price touched Rp 19 thousand / liter, there was no protest from the community. However, he predicted other areas would give a different response to the increase in gas prices.

"In Papua, the price of oil is common. Rp was 19 thousand and never fought. This is the 1 million Rp-2 thousand people. If oil goes up in Papua when I'm a mediocre businessman, more importantly, it adds up."

Furthermore, Bahlil considers this an appropriate moment to maintain state's fical health, and urge the public to share their arms.

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