8/26/2009

The government shares oil Assumption 65 U.S. Dollars per Barrel

The government shares oil Assumption 65 U.S. Dollars basic assumption on oil prices next year bigger 5 U.S. dollars per barrel compared to the assumptions proposed in the Draft Budget Revenue and Expenditure (Budget) in 2010. It was made by Vice Chairman of the Budget Committee of the House of Representatives Harry Azhar Azis, Wednesday (26 / 8).

According to Harry, in the 2010 Budget discussion meeting has been agreed that the assumption of world crude oil price set at 65 U.S. dollars per barrel. Thus, the basic assumption of oil prices in 2010 is greater 5 U.S. dollars per barrel compared to the assumptions proposed in the Budget 2010. "Expectations of economic growth next year will grow positively, so the demand increases. Therefore, the assumption set is greater than that proposed," said Harry.

Harry explained, to suppress the impact of rising world oil prices, the House is more agree if the price of oil set at 70 U.S. dollars per barrel. "Because there would be a change in oil prices again next year," he continued.

However, Harry hoped, with the benchmark rate 65 U.S. dollars per barrel in the 2010 Budget, the price of oil next year will not experience significant spikes.

If projections were missed, Harry estimates, assuming oil prices of 65 dollars a barrel will only be maintained at least for six months.

In fact, he added, the impact of world oil price hikes could be reduced if the government's infrastructure development process went well. The reason, it is believed to promote national economic growth.

Unfortunately, Head of Fiscal Policy Anggito Abimanyu met through the meeting in Parliament at all reluctant to give an explanation. "We are still calculating its net impact," he said briefly.

Net impact is to calculate the difference between revenue and expenditure budget of the central government in the oil and gas sector is expected.


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