The government has yet to compensate stateowned oil and gas giant Pertamina Rp 96.5 trillion (US$6.8 billion) for fuel subsidies given to the poor from 2017 to 2019. Rp 20.79 trillion was from 2017, Rp 44.85 trillion from 2018 and Rp 30.86 trillion from last year, Pertamina president director Nicke Widyawati told members of the House of Representatives Commission VI overseeing business on Monday. The government is close to disbursing Rp 45 trillion in compensation to the oil and gas firm this year, covering 47 percent of the company’s total receivables, while the remainder will be paid from 2021 onward. The funds have been audited by Supreme Audit Agency (BPK) and the Finance Ministry, according to Nicke.
June 30 2020, The Jakarta Post - Read 9 times