{
    "success": true,
    "data": {
        "id": 1385436,
        "msgid": "19971998-state-budget-revised-1447893297",
        "date": "1998-02-06 00:00:00",
        "title": "1997\/1998 state budget revised",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "1997\/1998 state budget revised JAKARTA (JP): The government has revised the 1997\/1998 budget to Rp 132 trillion from its earlier projection of Rp 101 trillion due to the rupiah's steep depreciation against the U.S. dollar. Finance Minister Mar'ie Muhammad reported to the House of Representatives yesterday the current budget was estimated to end next month with a surplus of Rp 456 billion resulting from total revenues of Rp 132 trillion and total outlays of Rp 131.5 trillion.",
        "content": "<p>1997\/1998 state budget revised<\/p>\n<p>JAKARTA (JP): The government has revised the 1997\/1998 budget<br>\nto Rp 132 trillion from its earlier projection of Rp 101 trillion<br>\ndue to the rupiah's steep depreciation against the U.S. dollar.<\/p>\n<p>Finance Minister Mar'ie Muhammad reported to the House of<br>\nRepresentatives yesterday the current budget was estimated to end<br>\nnext month with a surplus of Rp 456 billion resulting from total<br>\nrevenues of Rp 132 trillion and total outlays of Rp 131.5<br>\ntrillion.<\/p>\n<p>\"Internal revenue is estimated at Rp 132 trillion, up 23<br>\npercent from the original plan largely due to the significant<br>\nrise in oil and gas tax revenues and in receipts from foreign<br>\naid,\" Mar'ie said.<\/p>\n<p>The finance minister yesterday submitted the government's<br>\namendments of the 1997\/1998 state budget to the House, a<br>\nconstitutional requirement.<\/p>\n<p>The revisions consisted mostly of revenue and spending changes<br>\ndue to the rupiah's depreciation. Mar'ie, however, did not<br>\nspecify the rupiah rate against the dollar on which the budget<br>\nrevision was based.<\/p>\n<p>\"Receipts from oil and natural gas taxes will increase by<br>\n137.8 percent (from the original budget) to Rp 35.35 trillion and<br>\nthose from foreign aid by 82.8 percent to Rp 23.8 trillion,\" he<br>\nsaid.<\/p>\n<p>Revenue from non-oil taxes is estimated to decline by 0.5<br>\npercent to Rp 72.82 trillion due mainly to a 2.3 percent decrease<br>\nin income tax receipts.<\/p>\n<p>The biggest increase in expenditures is estimated to fall<br>\nunder foreign debt servicing and fuel and fertilizer subsidies.<\/p>\n<p>Foreign debt servicing is envisaged to increase by 45 percent<br>\nto Rp 28 trillion.<\/p>\n<p>The budget projects the government will have spent Rp 15.8<br>\ntrillion subsidizing fuel prices instead of taking in Rp 250<br>\nbillion in revenues from the domestic fuel market as originally<br>\nestimated.<\/p>\n<p>Fertilizer subsidies are increased to Rp 547.3 billion.<br>\n(08\/vin)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/19971998-state-budget-revised-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}