Indonesia to shift $2.27b portion of fuel subsidy budget to welfare programmes

This includes cash handouts to 20.65 million households. Read more at straitstimes.com.

JAKARTA - Indonesia will reallocate 24.17 trillion rupiah , or nearly 5 per cent, of its fuel subsidy budget to social spending, including cash handouts to 20.65 million households, its finance minister said on Monday .to manage rising fiscal pressure due to high global energy prices.

Finance Minister Sri Mulyani Indrawati said the reallocation of spending will be enacted this week and was decided after discussing the fuel subsidy policy with President Joko Widodo.

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