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Indonesian government subsidizes people

Despite being the world’s largest palm oil producer, the paradox of cooking oil shortage is happening in Indonesia.

Over the past few months, many people across Indonesia have been unable to buy cooking oil due to the skyrocketing price of this commodity and speculation about cooking oil. The cause is the Ukraine conflict affected the supply of other vegetable oils, causing global palm oil prices to skyrocket, while some palm oil producing countries significantly reduced output. The cooking oil crisis led to high inflation, making people’s lives more difficult. Last month, Indonesia’s inflation hit 2.64%, the highest level since December 2019.

The Indonesian government has begun implementing new social protection programs, including the Cooking Oil Direct Support Program (BLT), to reduce the impact of high consumer prices on low-income workers. Under the BLT program, each household receives about 300,000 rupiah (nearly 500,000 VND), equivalent to enough money to buy cooking oil within 3 months.

Mr. Susiwijono, secretary of the Indonesian Economic Affairs Coordinating Ministry, said that the Indonesian government set aside 6,900 billion rupiah for the cooking oil support program and this budget is part of the 2022 National Economic Recovery Program of the country. Indonesia (PEN-2022). Of the approximately 20.7 million Indonesian households entitled to the BLT program, more than 18 million households are registered under the BPNT Food Assistance Program and more than 1 million households are under the Greek Social Security Program. Family-Hope.

Indonesian President Joko Widodo has requested the relevant Ministries and sectors to implement the BLT program during the holy month of Ramadan and complete it by May 1, the important Idul Fitri day of fasting for the people. Islamic . In addition, the Indonesian government also decided to distribute an additional 750 billion rupiah in cash to 2.5 million street vendors, restaurant owners and fishermen.

The Ministry of Social Affairs was assigned to distribute food to the people, while the army (TNI) and national police were mobilized to ensure the delivery of support money to the working poor. According to economic experts, cash support for people to buy cooking oil is not a measure to control inflation but an appropriate response of the Indonesian government to inflation, helping to reduce the consumption burden for people. . Therefore, the Indonesian government can extend this job for at least 3 months.

In Indonesia, guaranteed Food Security is always respected by the government because it is associated with the trust of the people. This issue becomes even more important as the general election in Indonesia is coming up in 2024.

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