Monday, April 07, 2008

Needed: credibility

From today's The Jakarta Post, Vincent Lingga is right on ("Only credible contingency measures can reassure the market", April 7):

How could the government still claim the budget is anchored on prudent fiscal management when fuel, power and food subsidies will take up more than 23 percent of total spending this year?
How could the budget be seen as politically viable when energy subsidies alone will exceed budgetary appropriations for capital investment and social expenditure?

1 comment:

Anonymous said...

Aco, see also Dede's column today in Bisnis Indonesia. Remove all subsidies and the government must have serious efforts towards poverty alleviation. Government must strictly control the budget for the poor so no loophole in utilizing poverty budget for silly comparative studies.