VOL. XXXVIII

NO. 15

9-JANUARY-1995

Financial and Banking News

Public Finance

Indonesia Budgets On The Basis Of $16.50/B For 1995

The Indonesian budget for 1995, which will start on 1 April, will be based ona price of $16.50/B for Indonesian crude. It will also assume production of1.52mn b/d, which is consistent with its present OPEC quota after taking intoaccount condensate production of about 170,000 b/d. (Condensate is not countedas part of OPEC production quotas.) The budget in the year to 31...