VOL. XLVI

No 44

3-November-2003

BUDGETS AND REVENUES

Indonesias 2004 Budget Based On Oil Price Of $22/B

The Indonesian government has based its 2004 budget on an oil price of $22/B, which is higher than the $21/B originally set in the draft budget on 15 August, although all budget decisions must be officially approved at a budget commission plenary meeting (MEES, 22 September). Legislators had insisted on raising the oil price assumption in order to boost funds for the budget, although Indonesian...