Jakarta government estimate Indonesia's oil price (ICP / Indonesia Crude Price) will revolve around the annual level of U.S. $ 90-95 per barrel. These estimates will be included in the Revised State Budget 2011.
While still doing a lot of reviews and noticed the condition of oil prices lately, Coordinating Minister Hatta Rajasa assess the range of U.S. $ 90-95 per barrel is already a safe level.
I think that range even if it's U.S. $ 113 per barrel so roughly U.S. $ 90-95 per barrel, but in fact we receivable increased because it is supported by the gas, but do not forget the increased revenues can not be used for productive sectors such as infrastructure for we use for subsidies, he said when met at the event Hatta International Indonesia Infrastructure Conference and Exhibition (IIICE) 2011 in Jakarta Convention Center, Senayan, Tuesday (12/04/2011).
In addition to ICP price, Hatta said the government will also revise the assumption oil lifting and exchange rates. While inflation, he did not want to speculate in light of the rising trend in world oil and food prices.
If inflation should not speculate with inflation because inflation expectations are dangerous so the task of coordinating minister not predict inflation, but to control inflation, he explained.
As for the growth target, although many parties which estimates Indonesia's economic growth could reach 6.7%, but Hatta said the government will hold the initial target of 6.4%.
We let the 6.4% we pruden not too conservative but not too over optimistic we establish a case of 5.8% was 6.1%. Because even though we are 6.4% but many predict more than that, he said.
Tuesday, April 12, 2011
Will Oil Price Assumption Changed to U.S. $ 90-95 per barrel
