JAKARTA, July 3 (Xinhua) -- 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.