An Indonesian parliament member expressed caution about the government’s plan to limit subsidies on fuel oil next year, which may result to a rise in inflation and could potentially hurt a large segment of the economy. House of Representatives member Aziz Syamsuddin has asked the government to look into the inflationary impact of such a move and how it will economically affect the country’s large middle class population. Government fuel subsidies in 2010 has shore up amounting to $6.8 billion, which is way above of what was originally set in the state budget for the entire fiscal year. Read full story here.
Tags: Indonesia economic, inflation in Indonesia , Indonesia oil, Indonesia oil and gas, oil and gas industry, business Indonesia
