Government Provides US$105.1 Billion in Energy Subsidies in 2020

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Andrea Lidwina 12/01/2021 08:44 WIB

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The Ministry of Energy and Mineral Resources (ESDM) reported energy subsidy realization of US$ 105.1 billion in 2020. This figure increased compared to the 2019 subsidy of US$ 102.6 billion.

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Government Provides US$105.1 Billion in Energy Subsidies in 2020

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Energy Subsidy Realization Value

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The Ministry of Energy and Mineral Resources (ESDM) reported energy subsidy realization of US$ 105.1 billion in 2020. This comprised US$ 55.4 billion for fuel oil (BBM) and LPG, and US$ 49.7 billion for electricity. This amount increased compared to the 2019 subsidy of US$ 102.6 billion.

Nevertheless, the realization of energy subsidies over the last five years has decreased compared to the previous five years. In the 2011-2015 period, the realization of subsidies reached US$ 1.2 trillion, while in 2016-2020 it was only US$ 565.6 billion. This is inseparable from the government's policy of gradually reducing the distribution of subsidized fuel oil to the public.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."