Hardcopy (Textbook)
BLT Temporary Unconditional Cash Transfer: Social Assistance Program and Public Expenditure Review 2
The Bantuan Langsung Tunai (BLT) program had a clear and modest objective: supplement consumption for poor households facing unprecedented price increases. In 2005 subsidy cuts raised household fuel prices by an average of over 125 percent with 88, 186, and 105 percent increases in gasoline, kerosene, and solar (diesel) fuels respectively. BLT, a direct cash transfer in four installments over one year, funded from the implied budgetary savings from subsidy reductions, was in many respects the most signifi cant Government of Indonesia (GOI) response to these programmed increases in fuel prices. It was targeted to the poor households who were benefi ting least from the old subsidy regime and most at risk from the negative impacts on consumption from price increases. A mostly-similar BLT was introduced again in 2008 when international crises in both fi nancial markets and in food prices combined with another domestic reduction to fuel subsidies.
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