Finance Minister sets oil and gas revenue-sharing fund for Aceh, West Papua
Wednesday, February 27 2013 - 04:22 AM WIB
Aceh and West Papua provinces will receive from the central government additional Rp827.4 billion and Rp415.6 billion respectively, from this year's oil and gas production revenue-sharing funds.
The additional allocation is determined under new Finance Ministerial Regulations No. 21/PMK.07/2013 and No. 22/PMK.07/2013, both dated January 8 2013, on Additional Allocation in 2013 from Oil and Gas Revenue-Sharing Fund for Aceh and West Papua, respectively.
The two provinces receive the funds under the special regional autonomy scheme under the 2013 State Budget corridor.
In the event of changes in basic assumptions used in the 2013 State Budget, then adjustment shall be made accordingly.
The regulations say that the funds would be distributed from the central government once every three months.
Editing by Dadan Wijaksana