Thu, 02 Sep 2010
From:
VIVAnews - The Indonesian government will be increasing the electricity tariff within the next four years as an attempt to reduce the amount of subsidy being disbursed to the electricity sector.

Finance Minister Agus Martowardojo said the rise will also be applied to fertilizer and fuel.

"In line with the roadmap, we'll be handling subsidies for fertilizer in three years, electricity in four years, and fuel in five years," said Agus today, September 2.

Despite the tariff revisions, said Agus, the government will still pay attention to the marginalized people. "There will be a special program to empower the marginalized people," he said.

The subsidy is cut because the government wants to prepare a better State Budget. Therefore, the planned 15 percent increase of electricity tariff has been informed to every state department.

"The measure is supervised by Minister for the Economy and is already in line with the nationa development plan since 2009," he said.

In addition, the government would also cut subsidies in the State Budget aiming at more allocation for the national development. "30 percent of budget is allocated for subsidies and paying out rates. If it can be used for financing the country's development, it will be better," said Agus.



News Search/Filter
Transaction Rates
18 Jul 18
Buy
Sell
AED1
3,883.40
3,883.40
AFN1
196.20
196.20
ALL1
132.32
132.32
AMD1
29.74
29.74
ANG1
7,734.51
7,734.51
AOA1
56.25
56.25
ARS1
518.39
518.39
AUD1
10,523.80
10,523.80
AWG1
7,972.29
7,972.29
AZN1
8,378.53
8,378.53
BAM1
8,549.53
8,549.53
BBD1
7,132.22
7,132.22
BDT1
168.87
168.87
BGN1
8,498.33
8,498.33
BHD1
37,675.75
37,675.75
BIF1
8.05
8.05
BMD1
14,264.45
14,264.45
BND1
10,471.57
10,471.57
BOB1
2,065.19
2,065.19
BRL1
3,717.11
3,717.11
BSD1
14,264.45
14,264.45
BTC1
106,227,845
106,227,845
BTN1
208.51
208.51
BWP1
1,394.29
1,394.29
BYN1
7,207.04
7,207.04
BZD1
7,099.72
7,099.72
CAD1
10,803.31
10,803.31
CDF1
8.84
8.84
CHF1
14,257.55
14,257.55
CLF1
599,346.91
599,346.91
CLP1
21.81
21.81
CNH1
2,119.70
2,119.70
CNY1
2,126.61
2,126.61
COP1
4.93
4.93
CRC1
25.17
25.17
CUC1
14,264.45
14,264.45
CUP1
559.39
559.39
CVE1
150.35
150.35
CZK1
642.72
642.72
DJF1
80.13
80.13
DKK1
2,230.05
2,230.05
DOP1
287.05
287.05
DZD1
121.09
121.09
EGP1
796.89
796.89
ERN1
950.32
950.32
ETB1
516.40
516.40
EUR1
16,622.72
16,622.72
FJD1
6,768.43
6,768.43
FKP1
18,693.19
18,693.19
GBP1
18,693.19
18,693.19
GEL1
5,824.26
5,824.26
GGP1
18,693.19
18,693.19
GHS1
2,978.76
2,978.76
GIP1
18,693.19
18,693.19
GMD1
298.10
298.10
GNF1
1.58
1.58
GTQ1
1,904.61
1,904.61
GYD1
68.20
68.20
HKD1
1,817.39
1,817.39
HNL1
593.83
593.83
HRK1
2,249.63
2,249.63
HTG1
211.46
211.46
HUF1
51.38
51.38
IDR1
1.00
1.00
ILS1
3,926.12
3,926.12
IMP1
18,693.19
18,693.19
INR1
208.64
208.64
IQD1
11.97
11.97
IRR1
0.32
0.32
ISK1
133.64
133.64
JEP1
18,693.19
18,693.19
JMD1
108.99
108.99
JOD1
20,104.85
20,104.85
JPY1
126.20
126.20
KES1
142.08
142.08
KGS1
209.12
209.12
KHR1
3.51
3.51
KMF1
33.78
33.78
KPW1
15.84
15.84
KRW1
12.66
12.66
KWD1
47,117.22
47,117.22
KYD1
17,125.63
17,125.63
KZT1
41.52
41.52
LAK1
1.69
1.69
LBP1
9.43
9.43
LKR1
89.21
89.21
LRD1
88.24
88.24
LSL1
1,075.05
1,075.05
LYD1
10,387.75
10,387.75
MAD1
1,505.03
1,505.03
MDL1
855.64
855.64
MGA1
4.24
4.24
MKD1
270.04
270.04
MMK1
9.96
9.96
MNT1
5.84
5.84
MOP1
1,765.22
1,765.22
MRO1
40.12
40.12
MRU1
397.78
397.78
MUR1
414.72
414.72
MVR1
925.65
925.65
MWK1
19.63
19.63
MXN1
755.02
755.02
MYR1
3,526.60
3,526.60
MZN1
241.60
241.60
NAD1
1,075.05
1,075.05
NGN1
39.51
39.51
NIO1
449.42
449.42
NOK1
1,748.99
1,748.99
NPR1
130.31
130.31
NZD1
9,658.53
9,658.53
OMR1
37,052.07
37,052.07
PAB1
14,264.45
14,264.45
PEN1
4,363.95
4,363.95
PGK1
4,336.64
4,336.64
PHP1
266.90
266.90
PKR1
111.99
111.99
PLN1
3,869.35
3,869.35
PYG1
2.49
2.49
QAR1
3,917.73
3,917.73
RON1
3,574.16
3,574.16
RSD1
140.92
140.92
RUB1
227.67
227.67
RWF1
16.42
16.42
SAR1
3,803.55
3,803.55
SBD1
1,811.69
1,811.69
SCR1
1,053.50
1,053.50
SDG1
792.73
792.73
SEK1
1,612.99
1,612.99
SGD1
10,444.57
10,444.57
SHP1
18,693.19
18,693.19
SLL1
2.26
2.26
SOS1
24.62
24.62
SRD1
1,912.63
1,912.63
SSP1
109.50
109.50
STD1
0.67
0.67
STN1
678.45
678.45
SVC1
1,631.02
1,631.02
SYP1
27.69
27.69
SZL1
1,074.76
1,074.76
THB1
427.97
427.97
TJS1
1,514.89
1,514.89
TMT1
4,061.64
4,061.64
TND1
5,398.08
5,398.08
TOP1
6,169.91
6,169.91
TRY1
2,969.43
2,969.43
TTD1
2,117.24
2,117.24
TWD1
467.68
467.68
TZS1
6.25
6.25
UAH1
543.82
543.82
UGX1
3.83
3.83
USD1
14,264.45
14,264.45
UYU1
455.77
455.77
UZS1
1.82
1.82
VEF1
0.17
0.17
VND1
0.62
0.62
VUV1
130.54
130.54
WST1
5,509.14
5,509.14
XAF1
25.34
25.34
XAG1
222,189.94
222,189.94
XAU1
17,505,837.44
17,505,837.44
XCD1
5,278.14
5,278.14
XDR1
20,068.39
20,068.39
XOF1
25.34
25.34
XPD1
13,087,137.67
13,087,137.67
XPF1
139.29
139.29
XPT1
11,661,113.08
11,661,113.08
YER1
56.97
56.97
ZAR1
1,073.79
1,073.79
ZMW1
1,423.45
1,423.45
ZWL1
44.25
44.25
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services