Black Hole or Black Gold? The Impact of Oil and Gas Prices on Indonesia's Public Finances

Black Hole or Black Gold? The Impact of Oil and Gas Prices on Indonesia's Public Finances

Indonesia's oil revenues and fuel subsidies dominate the nation's economic policy agenda. This paper estimates the impact of higher international oil prices on the Indonesian government's fiscal position in 2008 and beyond. It analyz...

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Bibliographic Details
Main Authors:	Agustina, Cut Dian R.D., Arze del Granado, Javier, Bulman, Tim, Fengler, Wolfgang, Ikhsan, Mohamad
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ALTERNATIVE FUELS ANECDOTAL EVIDENCE APPROACH AUTOMOTIVE DIESEL AVERAGE PRICE AVERAGE PRICES BALANCE BANK ACCOUNTS BARREL BARREL OF OIL BARRELS PER DAY BORDER PRICE BUDGETING CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL STOCK CARBON CARBON EMISSIONS CASH FLOWS CHEMICAL COMPOSITION COMPETITIVENESS CONSUMPTION OF FUEL CONSUMPTION OF PETROLEUM CONTRACTUAL OBLIGATION CORPORATE INCOME TAX COST OF GASOLINE CRUDE OIL CRUDE OIL EXPORTS CRUDE OIL PRICE CRUDE OIL PRICES CRUDE OIL PRODUCTION CRUDE OILS CRUDE PRICE CRUDE PRODUCTION DEBTS DECENTRALIZATION DERIVATIVES DEVELOPING COUNTRIES DIESEL DIESEL CONSUMPTION DIESEL OIL DOMESTIC FUEL DOMESTIC MARKET DOMESTIC PETROLEUM DOMESTIC REFINING EI ELECTRICITY ELECTRICITY PRICE ENERGY ECONOMICS ENERGY PRICES ENERGY PRODUCERS ENERGY PRODUCTION ENERGY PRODUCTS EXCHANGE RATE EXPENDITURE EXPENDITURES EXTRACTION FINANCIAL MANAGEMENT FISCAL DECENTRALIZATION FOREIGN CURRENCY FUEL FUEL CONSUMPTION FUEL DEMAND FUEL MARKET FUEL OIL FUEL PRICE FUEL PRICES FUEL PRODUCTS FUEL TYPE FUEL TYPES FUELS GAS GAS EXPORTS GAS FIELDS GAS LAW GAS OUTPUT GAS PRICES GAS PRODUCTION GAS RESERVES GAS SUBSIDY GASOLINE GASOLINE CONSUMPTION GASOLINE DEMAND GASOLINE PRICES GOVERNMENT BUDGET GOVERNMENT BUDGET DEFICIT GOVERNMENT DEFICIT GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT REGULATION GOVERNMENT REVENUE GOVERNMENT REVENUES HIGHER ENERGY CONSUMPTION HIGHER GAS HIGHER OIL PRICES HUMAN CAPITAL IMPLICIT SUBSIDY INCOME LEVEL INCOME LEVELS INCOME TAX INFLATIONARY PRESSURES INTERGOVERNMENTAL TRANSFER INTERGOVERNMENTAL TRANSFERS INTERNATIONAL BANK INTERNATIONAL MARKET INTERNATIONAL OIL PRICES KEROSENE KEROSENE CONSUMPTION MACROECONOMIC INSTABILITY MACROECONOMIC STABILITY MARKET PRICE MARKET PRICES MARKET SUPPLY MILLION BARRELS MINERAL MINERAL RESOURCES MONETARY FUND NATURAL GAS NATURAL RESOURCES NET OIL OIL OIL & GAS OIL AND GAS OIL COMPANY OIL EXPORTER OIL EXPORTS OIL IMPORTER OIL IMPORTS OIL PRICE FLUCTUATIONS OIL PRICES OIL PRODUCERS OIL PRODUCING OIL PRODUCTION OIL RECOVERY OIL RESERVES OIL REVENUES OIL SECTOR OILS OPPORTUNITY COST PACIFIC REGION PERCENT OF PRODUCTION PERSONAL INCOME PETROL PETROLEUM PRICES PETROLEUM PRODUCT PRICES PETROLEUM PRODUCTS POWER PRICE BENCHMARK PRICE CHANGES PRICE ELASTICITY PRICE INCREASE PRICE INCREASES PRICE LEVEL PRICE LIBERALIZATION PRICE MOVEMENTS PRICE OF OIL PRICE SUBSIDIES PRICE SUBSIDY PRICING MECHANISM PRIVATE CONTRACTORS PRIVATE INVESTORS PRODUCTION LEVEL PRODUCTION SHARING CONTRACTS PRODUCTS MARKET PROVEN RESERVES PUBLIC FINANCES PURCHASING PURCHASING POWER REFINED PRODUCTS REFINERIES RESERVE RETAIL RETAIL PRICE RETAIL PRICES RETURNS ROYALTY RULE OF LAW SAFETY NET SALE SALES SMALL BUSINESSES STREAM SUBSTITUTE SUBSTITUTE PRODUCT SUBSTITUTE PRODUCTS SUPPLY COST TAX OBLIGATIONS TAX RATE TAX REVENUE TAX REVENUES TRANCHE TREASURY VOLATILITY WHOLESALE PRICE WORLD CRUDE WORLD ENERGY WORLD OIL WORLD OIL PRICES
Online Access:	http://documents.worldbank.org/curated/en/2008/09/9847980/black-hole-or-black-gold-impact-oil-gas-prices-indonesias-public-finances http://hdl.handle.net/10986/6993

Internet

http://documents.worldbank.org/curated/en/2008/09/9847980/black-hole-or-black-gold-impact-oil-gas-prices-indonesias-public-finances
http://hdl.handle.net/10986/6993