JAKARTA, Aug 16 (Reuters) - Indonesia's energy subsidies and compensation may surpass the allocated budget of 502 trillion rupiah ($34 billion) this year amid rising demand for subsidised fuels, the finance minister told a news conference on Tuesday.
The government has proposed lowering energy subsidies and compensation for 2023 to 336.7 trillion rupiah, assuming global oil prices ease to around $90 a barrel next year, the rupiah trades "at a better level", and consumption of subsidised fuel and LPG can be better controlled, Sri Mulyani Indrawati said.
($1 = 14,765.0000 rupiah)
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