An increase in world crude oil prices of 1 US dollar per barrel could increase state revenues by Rp. 3.6 trillion, but could also increase additional state spending by up to Rp. 10.1 trillion and widen the deficit.
from 80 US dollars per barrel to 82 US dollars per barrel. The assumption of ready-to-sell or lifting oil production was also increased from 625,000 barrels per day to 635,000 barrels per day.
For countries that still need to provide energy subsidies to maintain people's purchasing power, the cost of handling crude oil price increases is greater than the revenue that can be obtained through Migas Income Tax or non-tax state revenue from oil and gas natural resources. Please note that the words PBB, PKS, and PPP cannot be translated and must be kept as is.
next year, which remains 19.58 million kiloliters, and the volume of 3 kilogram LPG cylinders remains 8.03 million metric tons .Josua assessed that amidst the dynamic fluctuations in global prices, the budget deficit still needs to be maintained below 3 percent to ensure the country's financial health. However, this should not hinder the creation of quality economic growth, as it may suppress the buying power of the community.
The government continues to maintain reserve funds or fiscal buffers in the 2024 RAPBN amounting to IDR 51.4 trillion to anticipate uncertainty. For example, if spending needs increase beyond expectations and the state revenue target is not achieved as expected.
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