Finance Minister Purbaya Yudhi Sadewa stated that the government will\nset the coal export duty rate and production targets in the 2026 Work\nand Budget Plan (RKAB) through a meeting scheduled for Thursday\n(26\/3).<\/p>\n
This decision will refer to the President\u2019s directives, although the\ntechnical details still need to be refined before being announced to the\npublic.<\/p>\n
Purbaya explained that the government also plans to adjust the coal\nproduction targets in the 2026 RKAB by encouraging an increase in\nproduction this year. However, the exact target figure is still awaiting\nthe outcome of joint discussions.<\/p>\n
\u201cWe will decide in tomorrow\u2019s meeting. But clearly, the President has\ndirected a certain figure, so there are no issues,\u201d Purbaya said in\nJakarta on Wednesday (25\/3).<\/p>\n
Although it has a reference figure from the President regarding the\ncoal export duty rate, Purbaya said the final decision will still be set\nafter considering industry readiness, particularly its impact on\nbusiness profitability.<\/p>\n
He explained that the government does not solely base decisions on\nindustry wishes but calculates carefully how far the policy can affect\ncompany performance and profits. Moreover, current coal prices are still\nconsidered high, at above US$135 per ton, so the room for policy\nadjustments is deemed necessary to study in depth.<\/p>\n
\u201cCurrent coal prices are considered high above US$135 per ton. We\nmust discuss whether the industry can accept it, not just what they want\nregarding profitability or what the coal company leaders want,\u201d\nexplained the state treasurer.<\/p>\n
Furthermore, Purbaya emphasised that the export duty policy will\nstill be implemented in accordance with the President\u2019s directives,\nconsidering the balance between state revenues and industry conditions.\nAccording to him, this is important because revenues from the export\nduty will affect the state budget structure, including deficit\ncalculations.<\/p>\n
In addition, he mentioned changes in the issuance of Work and Budget\nPlan (RKAB) approvals. However, this depends on the policies of the\nMinistry of Energy and Mineral Resources (ESDM).<\/p>\n
\u201cThe RKAB plan may be changed. But it depends on what the ESDM\nministry decides later. But clearly, it will be changed,\u201d he\nconcluded.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/purbaya-coal-export-duty-to-be-set-soon-1774443083", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }