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🇮🇩 Indonesia /Economy & Trade

CORE Reveals Consequences of Pertamax Price Hike

From Tempo · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

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  • The Center of Reform on Economics (CORE) suggests that the government could save state finances by changing the budget or eliminating programs.
  • CORE argues that the government's budget for the state-owned oil and gas company Pertamina needs to be reviewed.
  • The organization believes that the recent price increase of Pertamax fuel will not significantly impact inflation.

The Center of Reform on Economics (CORE) has proposed that the Indonesian government could find significant savings for state finances by adjusting its budget or discontinuing certain programs. This suggestion comes amid ongoing economic discussions and the need for fiscal prudence.

CORE specifically pointed to the budget allocated to the state-owned oil and gas giant, Pertamina, as an area requiring review. The organization believes that re-evaluating these allocations could offer a pathway to strengthening the nation's financial standing.

Furthermore, CORE expressed its view that the recent increase in the price of Pertamax fuel is unlikely to cause a substantial rise in inflation. This assessment suggests a confidence in the resilience of the economy or the limited impact of this particular price adjustment on the broader inflationary landscape.

DistantNews Editorial

Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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