JAKARTA (AFX-ASIA) – The government will seek parliamentary approval to increase the compensation for cuts in the fuel subsidy, from the approved 2003 level of 3.1 trillion rupiah. (US$1=9,000 rupiah). “The government will try to convince the Lower House of Parliament (DPR) to approve an increase in budget allocation from what has been agreed,” the…
INDONESIA: Jakarta wants higher compensation budget for subsidy cuts
Posted on January 10, 2003 by EnergyAsia