Close
Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Giving Gas to Inflation
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Giving Gas to Inflation

New Policies on Subsidized Fuel May threaten Baliís Plans to Keep Inflation Below 4.5%


Bali News: Giving Gas to Inflation
Click Image to Enlarge

(7/29/2012)

Bali remains optimistic that the rate of the inflation for the island through the end of 2012 will remain at approximately 4.32%, somewhat lower than the 4.5% projected in the official provincial budget. Economist warn, however, that the rate of inflation could suddenly soar as a results of the government's plans to reduce the use of subsidized fuel.

I Gede Suarsa, chief of the Bali Statistic Bureau, see the rate of inflation during the first half of 2012 as “moderate.” The second half of 2012 may suffer inflationary influences resulting from increases in prices for basic commodities, religious holidays and year-end holiday celebrations.

As a member of the Regional Coordination Team for the Control of Inflation (TKPID), Suarsa said the team would work to keep the cumulative rate of inflation within plus or minus 4.5%.

The head of the Bali branch of Bank Indonesia, Dwi Pranoto, warned that while inflation in Bali remains relatively low, a potential exists for spikes in prices resulting from prices administered by the government. Chief among these is the price of fuel at the pumps and government plans to ban red-plated vehicles (official vehicles) from buying subsidized fuel beginning in August.
 


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.


 
 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
When You Gotta Go, You Gotta Go
27-Year Old Australian Man Standing Trial in April 2014 Hijacking Scare on a Bali-Bound Virgin Australia Flight
(10/31/2014)
Now, Let us Pray
Religious Affair Minister Lukman Hakim Saifuddin Proposes Legislation to End Religious Persecution in Indonesia
(10/31/2014)
Bali's Man at the Presidential Palace
A.A. Gede Ngurah Puspayoga is Sole Balinese Named to Joko Widodo's Presidential Cabinet
(10/31/2014)
Vox Populi in Bali
Province of Bali Introduces Monthly Open Forum to Allow Citizens to Voice Criticism and Recommendations to Provincial Officials
(10/31/2014)
Conned by Condotels?
Marketer and Developer of Swiss-Belhotel Bali Condotel Project in Bali Being Sued by Unhappy Purchasers
(10/31/2014)
When Governments Fail to Act
Bankruptcy of Kintamani Restaurants Blamed on Bad Governance
(10/31/2014)
Arief Yahya Named Indonesia's Minister of Tourism
President Joko Widodo Picks Telkom CEO to be Indonesia's Tourism Czar
(10/31/2014)
Christmas Holiday Start for AirAsia X Bali-Melbourne Service
Indonesia AirAsia X to Start Flights Five Times Each Week Bali-Melbourne on December 26, 2014
(10/31/2014)
Tourism Drawing Lines in the Sand
Indonesian Minister of Tourism Label Malaysia and Thailand as 'Common Enemies' of Indonesian Tourism - Calling for Better Information Technology and Enhanced Hygiene
(10/31/2014)
Will Bali Put Crooked Moneychangers Out of Business?
Bank Indonesia Changing Registration Rules for Bali Moneychangers
(10/31/2014)
Beyond Bali
ASITA Calls on New Tourism Minister to Focus on More than Merely Bali in Designing Tourism Policies
(10/31/2014)
Be it Never so Humble
Export of Knockdown House from Bali Remains Sluggish
(10/31/2014)
All [News]!