Indonesia’s blanket fuel subsidies favour the rich, say economists, urging targeted aid
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TheStraitsTimes
Singapore
2h
Indonesia’s blanket fuel subsidies favour the rich, say economists, urging targeted aid
JAKARTA – Indonesia should gradually phase out fuel subsidies and replace them with targeted cash transfers to poorer households to reduce fiscal risks and improve equity, according to the World Bank. The global lender said more than half of the subsidies currently benefit the richest 20 per cent o»»»
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