Indonesia Doing Away With Gas Subsidies

The video discusses the Indonesian government's response to fluctuating fuel prices, focusing on the reduction of fuel subsidies to free up funds for development. The Energy and Mineral Resources Minister outlines plans to increase capital expenditure to boost economic growth. The government has scrapped the high-cost premium gasoline subsidy, significantly reducing the budget allocation for fuel subsidies. Despite these changes, stable food prices and public transport fares remain unaffected, although inflation rates have increased. The overall impact of these reforms is a more sustainable fiscal policy with reduced expenditure on subsidies.

What percentage of total fuel subsidies did premium gasoline account for?

What measures did the government take regarding fuel subsidies?

How much is the government expected to cut spending on fuel subsidies next year?

What impact did the fuel price increase have on food prices and public transport fares?

What was the inflation rate reported in December?