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Jakarta to double infrastructure, transport budgets on fuel gain
Sixty per cent of the 230 trillion rupiah saved from fuel subsidy change will be spent on infrastructure
Indonesia, which had been subsidising fuel since the first oil price shock in the 1970s, spent a total of 240 trillion rupiah on fuel subsidies last year.
PHOTO: REUTERS
Jakarta
INDONESIA will save about US$18 billion from the biggest overhaul of its decades-old fuel subsidy system, allowing the government to double spending on transportation, agriculture and public works.
The government will save 230 trillion rupiah (S$24.4 billion) in total from...
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