If the Geopolitical Crisis Continues, Energy Subsidies Could Swell to Rp700 Trillion
4 Articles
4 Articles
The ongoing global geopolitical crisis is feared to increase the burden on the state budget.
Deputy Minister of Energy and Mineral Resources Yuliot Tanjung said that geopolitical conflicts that have driven up global energy prices could trigger fiscal pressure on compensation payments and energy subsidies in Indonesia.
Deputy Minister of Energy and Mineral Resources Yuliot Tanjung said the global energy crisis has the potential to increase the burden of energy subsidies and compensation by up to IDR 300 trillion.
The increase in world oil prices due to geopolitical conflict in the Middle East, which has an impact on the burden of subsidies and compensation, must be anticipated with new renewable energy.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
