Indonesia is still secure from rocketing global oil price which reached 150 U.S. dollars per barrel, Purnomo Yusgiantoro, Minister of Energy and Mineral Resources said on Thursday.
"The state budget remains safe," Yusgiantoro was quoted by local Metro TV as saying. The Indonesian government is trying to balance the deficit of the state budget which has been affected by the oil prices, he said.
The soaring global oil price is also worried for in the drafting of 2009 state budget, and the Central bank's decision to raise the rate up to 25 points base would be a solution for slowing down the accelerated high inflation.
The real sectors which have been another big concern for the Government of Indonesia, are affected by the oil price. Goods distribution, components of transportation means and so on are big burdens if the oil price keeps rising.
Indonesia has attempts to increase oil production for domestic consumption. It will be effective to make use of undistributed 14 million barrels lifting.
The issue of oil lifting is said to be significant for short-term solution of Indonesia's economy. The House of Legislative also has paid serious attention on this issue.
Source: Xinhua
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