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MARKET MOVING: The 2012 electricity subsidy more than doubles

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JAKARTA: Electricity subsidy this year is predicted to reach IDR89.55 trillion or rises twofolds from projection in 2012 State Budget at IDR40.45 trillion.

The amount of subsidy includes the plan for gradually raising electricity tariff by 3% in every quarter, which will start next May 2012. (NOM)

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