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INDONESIA-SUBSIDIES
RTR45HDC
September 09, 2014
A worker fills a tanker truck with fuel at a state-owned Pertamina fuel depot in Jakarta September 9,...
Jakarta, Indonesia
A worker fills a tanker truck with fuel at a state-owned Pertamina fuel depot in Jakarta
A worker fills a tanker truck with fuel at a state-owned Pertamina fuel depot in Jakarta September 9, 2014.
Indonesia's President-elect Joko Widodo, who takes office on Oct. 20, wants to fast-track a cut in fuel subsidies that are the main reason behind a current account deficit that is expected to exceed 3 percent of gross domestic product this year. Fuel subsidies cost the government about $20 billion a year, or nearly a fifth of its budget, and economists say they mainly benefit the rich in southeast Asia's largest economy.
REUTERS/Darren Whiteside (INDONESIA - Tags: POLITICS ENERGY BUSINESS)
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