Govt Confirms to Raise Oil Fuel Price

Govt Confirms to Raise Oil Fuel Price

Government will raise oil fuel price as well as distributing IDR 14 trillion direct cash transfer (BLT) program for first seven month after the announcement which targeted to 19.1 million poor household.

People’s Welfare Coordinating Minister Aburizal Bakrie (05/15) said BLT program hope would be continue in 2009.

Oil fuel price increase compensation also aimed for enhance food security and subsidize rice sales with budget allocation IDR 4.2 trillion.

In addition, government also will develop Business Credit for Common People (KUR) program, with IDR 100 trillion additional budget, previously KUR budget for 2008 were IDR 7 trillion.

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