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Indonesia weighs response to price pressures from Middle East war
Fuel subsidies cover 30-40% of consumer costs and school meal cuts could save $5.9 billion amid rising oil prices exceeding $100 per barrel.
- Indonesia is weighing options to offset the impact of rising oil prices due to the Middle East war, including reducing fuel subsidies and cutting back on a free meal program.
- The government allocated funds for energy subsidies based on oil costing $70 per barrel, but prices have topped $100 since the war began.
- Experts suggest Indonesia could save around $5.9 billion by restricting the free meal program to areas where it is most needed.
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42 Articles
The National Mandate Party (PAN) supports all of President Prabowo Subianto's decisions to implement austerity measures in response to the war in the Middle East. The party...
Gov’t Adopts Cautious Approach to Rising Global Oil Prices
The Indonesian government is closely monitoring rising global oil prices with a cautious approach to avoid rushing fiscal policy changes, said Finance Minister Purbaya Yudhi Sadewa. Sadewa made the remarks at the Presidential Palace complex here on Tuesday, in response to sharp fluctuations in global oil prices over the past three days, and their potential
Coverage Details
Total News Sources42
Leaning Left4Leaning Right10Center10Last UpdatedBias Distribution42% Center, 42% Right
Bias Distribution
- 42% of the sources are Center, 42% of the sources lean Right
42% Right
L 16%
C 42%
R 42%
Factuality
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