The Government would make revisions on the State’s Income and Expenditure Budgeting [APBN] if the world’s price of oil soared above USD 60 per barrel. “Revision on the State Budget must be exercised if oil price goes above USD 60 per barrel, because the present assumption was only USD 40 per barrel. “This was stated by the State Minister on National Planning & Development/Head of National Planning Board Paskah Suzetta Tuesday [19/5].
Paskah reminded that based discussions with the Parliament, revision of the state budget would be exercised if changes occurred in three main factors. “The three main factors were up turn of the world’s oil price above USD 60 per barrel, downturn of economic growth and the exchange rate of the Rupiah against the USD. The economic growth had lowered whilst the world’s oil price tends to move upward, although it was hard to predict to what level the price would upward, although it was hard to predict to what level the price would increase. The Rupiah weakening seems not too significant, because I am of opinion that the weakening is only regional”. On the assumption of the benchmark of the revised national budget, Paskah assumes at the level of Rp. 10.000 per USD whilst oil price was assumed to be USD 60 per barrel.
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