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Jakarta Post
The Jakarta Post
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80 percent of oil and gas revenues pay for subsidies

  • Rangga D. Fadillah

    The Jakarta Post

Jakarta | Mon, May 21 2012 | 08:00 am

PREMIUM Despite the fact that the oil and gas sector’s contribution to state revenues continues to grow on an annual basis, according to a study by research group ReforMiner Institute, approximately 80 percent of these state revenues went to paying for energy subsidies.

“Only around 20 percent of the contribution is used for other needs,” ReforMiner Institute vice director Komaidi Notonegoro ...