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As is known, the world crude oil prices recently surged back through the record high. In trading Wednesday (22/02/2012), crude was at U.S. $ 106 per barrel, while Brent oil was at U.S. $ 121.40 per barrel. Though the assumption of Budget 2012 was only U.S. $ 90 per barrel.
The president said, in the last 2 months, the global economic situation has led to insecurity, uncertainty that impact directly and indirectly on the economies of the countries in the world. Situation such as the debt crisis in Europe and the Middle East geopolitical factors. Including the issue of Iran embargo so that the country finally stop oil exports to the UK and France.
"Again, Indonesia is being built with good economic performance has a policy, have a good plan for the coming years should hit back with a rise in crude oil prices are skyrocketing lately," said the president in his office, Jakarta, Wednesday (02/22/2012).
On these developments, continued the president, the government should immediately respond to save Indonesia's economy, particularly the state budget that will be affected because of ballooning fuel subsidy bill.
Explained, the options for the rescue has been discussed since last year at a meeting in Bogor. When it has been decided first, reduce the huge subsidies. Secondly, the reduction of subsidies when it takes precedence on fuel restriction, third for medium and long-term solution is to convert to CNG fuel.
"Fourth, there is a component of contingency if the assumptions change, rising crude oil prices are beyond our ability to volume restriction option, then we have to adjust again and policy options we choose. That in Bogor. Late last year I visited for the launch of Cilacap refinery capacity in the cap on december 30, I issued a statement in there I repeat again what concerns the fuel subsidy and that, "explained the President.
The president said, when it was decided Oil Indonesia (ICP) is U.S. $ 100 per barrel, but now prices have gone through U.S. $ 115 per barrel continues to rise.
"Moreover, two or three days ago Iran stop oil exports to two countries in Europe, the European Union and the United States has sanctions on Iran, and this is one of the boiling point which resulted in such negative sentiment resulting in rising oil prices," he explained.
"Due to this all the assumptions contained in Budget 2012 and in my view has also been discussed by ministers under the coordination of the Vice President that we had to adjust, and the growth component also changed, so that the growth of countries have revised the lower than planned either global output and global regional and national growth, "said president.
In addition to the assumption of oil prices and inflation, then that would change is the target of poverty. To that end, the government will soon propose changes to the House of Representatives Budget 2012, faster than usual. According to the president, the general state budget proposed new changes around mid July, but due to the development of the world situation and the new crisis, the government will file a 2012 state budget earlier than usual.
"The government argues, and we would ask Parliament to accelerate the determination of state budget. Establish a realistic return assumptions appropriate to the circumstances and policies, including subsidies on fuel and electricity (Electricity Basic Tariff)," explained the president.
And with all these developments, according to the President, the price of fuel should be increased. While the long-term solution to the CNG fuel conversion will continue.
"The price of fuel would not necessarily have to be adjusted with the appropriate increase, given the increase, then the people affected on the rise in fuel prices and other inflation mainly the poor we must provide assistance directly while the community," he said.
"With good preparation, the planning will be discussed with the House and included in APBNP we all hope this is a solution to rescue our economy and safely, rescue and security of our state budget," said President SBY.
Source news Translating form www.detik.com
