Black hole or black gold? (Record no. 31829)

MARC details
000 -LEADER
fixed length control field 02297cam a22002057a 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20170327112526.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 090518s2008 dcu sb i000 0 eng
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
245 10 - TITLE STATEMENT
Title Black hole or black gold?
Remainder of title the impact of oil and gas prices on Indonesia's public finance/
Statement of responsibility, etc Cut Dian R.D. Agustina, Javier Arze del Granado, Tim Bulman, Wolfgang Fengler, Mohamad Ikhsan.
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication [Washington, D.C. :
Name of publisher World Bank,
Year of publication 2008]
490 1# - SERIES STATEMENT
Series statement Policy research working paper ;
500 ## - GENERAL NOTE
General note Title from PDF file as viewed on 5/18/2009.
520 3# - SUMMARY, ETC.
Summary, etc "Indonesia's oil revenues and fuel subsidies dominate the nation's economic policy agenda. This paper estimates the impact of higher international oil prices on the Indonesian government's fiscal position in 2008 and beyond. It analyzes the interactions between government revenues and expenditures, as well as international oil prices, energy subsidies, and inter-governmental transfers. Looking at the impact of oil prices over US$100 per barrel, the paper presents five main findings. First, despite record high oil prices, the government's oil and gas revenues have been decreasing relative to non-oil and gas revenues since 2001. Second, fuel subsides will reach record levels in 2008 while electricity subsidies have been increasing even faster. Third, the paper finds that most of the fuel subsidy that directly benefits households goes to the richest 20 percent. Fourth, even at levels above US$100 per barrel, the government receives more revenues from oil and gas than it spends on energy subsidies. However, due to significant revenue-sharing with sub-national governments, high oil prices are net-negative for the central government, while they create fiscal windfalls for many regions. Finally, the oil sector's positive impact on Indonesia's public finances declines as oil prices rise, because subsidies and other expenditures outgrow oil and gas revenues. "--World Bank web site.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Term Petroleum industry and trade
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Term Petroleum products
General subdivision Prices
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Term Finance, Public
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Agustina, Rosa,
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier http://econ.worldbank.org/external/default/main?pagePK=64165259&theSitePK=469372&piPK=64165421&menuPK=64166093&entityID=000158349_20080915111953
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Books

No items available.