Indonesia lowers revenue expectation from oil, gas, mining in 2009
The Indonesian government will prepare for possible economic turbulence
next year by lowering revenue expectations for the state coffers though earning
an unprecedented 53.79 percent increase in revenue this year from the energy and
The energy and mining sector was forecast to book 346.35
trillion rupiahs (about US$31.2 billion) in revenue for the state by the end of
2008, up from 225.21 trillion rupiahs in 2007, said Indonesian Energy and
Mineral Resources Minister Purnomo Yusgiantoro, quoted by the Jakarta Post
"The sector contributes 36 percent to total state revenues this year,"
The Indonesian government did not expect too much for 2009 because
of a possible continuing slump in the global prices of oil, gas and mining
commoditie, said the newspaper.
Purnomo said that the oil and gas companies
contribute the most to the sector's total revenue, which amounted to 303.07
trillion rupiahs this year.