SUBSIDIES CUT: Indonesia's Parliament voted to approve a budget package on Monday that lays the groundwork for the slashing of government fuel subsidies. President Susilo Bambang Yudhoyono is expected to act swiftly to implement the plan.
CASH HANDOUTS: The package will increase fuel prices an average of 33 percent. It also includes a provision for about $900 million in cash handouts to help cushion the impact on 15.5 million impoverished families.
ANGRY PROTESTS: The budget was approved while police fired tear gas and water cannons outside to disperse hundreds of angry protesters. A fuel price hike in 1998 triggered rioting that helped topple former dictator Suharto.
- Politics & Government
- Budget, Tax & Economy
- Susilo Bambang Yudhoyono
- fuel prices