Wed, 30 Jan 2008
Jakarta (ANTARA News) - The government was expected to extend food commodity fiscal incentives to enhance the national food resilience, Finance Minister Sri Mulyani Indrawati, said here Tuesday.

The government has given fiscal incentives in the form of value added tax on vegetable oils to maintain the prices of the commodities at low levels.

The government is now planning incentives for soybean, corn and crude palm oil, she said.

"I don`t say it would be a treatment for value added tax, income tax and tariffs. The important thing is that we will reduce the burdens as low as possible," she said.

Head of the Finance Ministry`s Fiscal Policy Body, Anggito Abimanyu, said the government would soon announce a food policy package for short term and long term basis.

"In the short run, a price stabilization program will be carried out using fiscal instruments, while in the long run, food production will be increased," he said.

Besides rice, the government would save other food commodities including soybean, wheat flour, vegetable oils and kerosene.

"There are many new things covered by the food policy package which will be announced next Thursday," Anggito said.(*)



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