Finance Minister Purbaya Yudhi Sadewa has stated that the government\nhas prepared an additional budget for fuel subsidies to PT Pertamina\n(Persero). The aim is to address the potential volatility in global oil\nprices, while keeping domestic selling prices unchanged.<\/p>\n
As is known, global crude oil prices are currently fluctuating around\nthe upper range of US$100 per barrel, well above the 2026 state budget\nassumption of US$70 per barrel. However, the government confirmed\nyesterday that there will be no changes to domestic fuel selling prices\nfor the time being.<\/p>\n
Purbaya explained that the additional budget prepared is in the range\nof Rp90 trillion to Rp100 trillion until the end of 2026. This fuel\nsubsidy budget is separate from the energy subsidy and compensation\nallocation in the 2026 state budget, which totals Rp381.3 trillion.<\/p>\n
\u201cRp90 trillion to Rp100 trillion, that\u2019s the subsidy; the\ncompensation is calculated separately,\u201d said Purbaya when met at Wisma\nDanantara, Jakarta, on Wednesday (1\/4\/2026).<\/p>\n
He stated that this figure means the government now anticipates the\n2026 state budget deficit to rise from the target of 2.68% to 2.9% of\ngross domestic product (GDP), considering the assumption of global crude\noil prices at US$100 per barrel until the end of 2026.<\/p>\n
\u201cWe are approaching this with the mindset that oil prices will remain\nhigh at an average of US$100 throughout the year. We are implementing\npolicies to keep the deficit controlled at 2.9%,\u201d he explained.<\/p>\n
Nevertheless, Purbaya emphasised that, for the time being, the\nunchanged fuel prices will not deplete the energy subsidy and\ncompensation budget in the 2026 state budget.<\/p>\n
He said that, temporarily, the unchanged fuel prices are being fully\ncovered by PT Pertamina (Persero). \u201cFor now, it seems Pertamina is\nhandling it, temporarily,\u201d said Purbaya.<\/p>\n
Purbaya explained that Pertamina\u2019s liquidity now has more room to\nface oil price pressures because the government has accelerated payments\nfor outstanding subsidy and compensation claims.<\/p>\n
\u201cIt can manage because government payments are now smooth, and we pay\n70% of the compensation every month continuously,\u201d revealed Purbaya. \u201cSo\nPertamina\u2019s finances are very good; absorbing it for a short period is\nno problem,\u201d he stressed.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/purbaya-allocates-additional-rp100-trillion-for-fuel-subsidies-state-budget-deficit-forecast-at-2-9-1775044264", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }