Indonesia: 5.11 billion USD expected to spend on electricity subsidy in 2025
Indonesia’s state-owned electricity company (PLN) expects the government will spend 83 trillion IDR (5.11 billion USD) in 2025, an increase of nearly 10% compared to this year, to keep electricity prices stable for consumers.
Jakarta (VNA)🅘 – Indonesia’s state-owned electricity company (PLN) expects the government will spend 83 trillion IDR (5.11 billion USD) in 2025, an increase of nearly 10% compared to this year, to keep electricity prices stable for consumers.
PLN General Director Darmawan Prasodjo said the estimate is based on rising oil prices and exchange rate assumptions outlined in next year's draft state budget (RAPBN).
The draft includes an assumption of an inflation rate between 1.5% and 3%. Nearly 65% out of the aforementioned sum, or 54 trillion IDR will be allocated to the household sector comprising 35.22 million customers.
Electricity subsidy spending for the social and corporate sectors is estimated to reach 12.2 trillion IDR and 9.4 trillion IDR, benefiting 2.13 million and 4.29 million customers, respectively. Electricity subsidies for industrial sectors as well as the government and other sectors are estimated to top 5.9 trillion IDR and 1.6 trillion IDR.
Meanwhile, statements from Finance Minister Sri Mulyani and a budget planning document suggest the government may cut energy subsidies and compensation next year. Analysts say that move will create fiscal space for the new administration to pursue new policies.
The government and the House of Representatives are drafting the 2025 state budget which is scheduled to be complete in September.
The draft will be signed right before President Joko Widodo resigns and President-elect Prabowo Subianto takes power this October./.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
