Regulation Of The Minister Of Finance Number 70/fmd. 07/2011 2011

Original Language Title: Peraturan Menteri Keuangan Nomor 70/PMK.07/2011 Tahun 2011

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c51689fc7a0ba21313233353235.html

Microsoft Word-bn199-2011 REPUBLIC of INDONESIA No. 199, 2011 MINISTRY of FINANCE. SDA DBH Oil And Natural Gas. Special Autonomy. West Papua INDONESIAN FINANCE MINISTER REGULATION NUMBER 70/FMD. 07/2011 ABOUT ESTIMATES of the ALLOCATION of FUNDS for the RESULT MINING NATURAL RESOURCES of PETROLEUM and NATURAL GAS WITHIN the FRAMEWORK of SPECIAL AUTONOMY in the PROVINCE of WEST PAPUA FISCAL YEAR 2011 with the GRACE of GOD ALMIGHTY the MINISTER of FINANCE of the REPUBLIC of INDONESIA, Considering: that in order to implement the provisions of article 34 paragraph (3) of Act No. 21 of 2001 on special autonomy For Papua Province as amended by Act No. 35 of 2008 and article 27 paragraph ( 5) Government Regulation Number 55 in 2005 about the Equalization Fund, need to set rules of Finance Ministers about the estimated allocation of funds for the results of the natural resources of petroleum and Natural Gas within the framework of special autonomy in the province of West Papua the fiscal year 2010; Remember: 1. Act No. 21 of 2001 on special autonomy For Papua Province (State Gazette of the Republic of Indonesia Number 135 in 2001, an additional Sheet of the Republic of Indonesia Number 4151) as already www.djpp.kemenkumham.go.id 2011, no. 199 2 amended by Act No. 35 of 2008 (State Gazette of the Republic of Indonesia Number 112 in 2008, an additional Sheet of the Republic of Indonesia Number 4884); 2. Act No. 10 of 2010 about the budget revenue and Expenditure of the State fiscal year 2011 (State Gazette of the Republic of Indonesia Number 126 of 2010, an additional Sheet of the Republic of Indonesia Number 5167); 3. Government Regulation Number 55 in 2005 about the Equalization Funds (State Gazette of the Republic of Indonesia Number 137 in 2005, an additional Sheet of the Republic of Indonesia Number 4575); 4. Presidential Decree Number 56/P in 2010; 5. Regulation of the Minister of finance Number 126/FMD. 07/2010 about implementation and accountability of budget transfers to the region; Notice: the decision of the Minister of energy and Mineral resources K/0218 Number 80/MEM/2011 about the determination of the area of manufacturer and Basic Counting Part-producing area of General mining, Geothermal Mining, petroleum and Natural Gas for the year 2011; Decide: define: REGULATION of the MINISTER of FINANCE ABOUT the ESTIMATED ALLOCATION of FUNDS for the RESULT MINING NATURAL RESOURCES of PETROLEUM and NATURAL GAS WITHIN the FRAMEWORK of SPECIAL AUTONOMY in PAPUA PROVINCE WEST of FISCAL YEAR 2011. Article 1 (1) an estimate of the allocation of funds for natural resources that Result comes from the Mining of petroleum and Gas (oil & gas SDA DBH) in the framework of special autonomy in the province of West Papua is based upon the acceptance of the plan referred to in Act No. 10 of 2010 about the budget of the State Expenditures and Revenues in 2011. www.djpp.kemenkumham.go.id 2011, no. 1993 (2) an estimate of the allocation of SDA DBH Oil as referred to in paragraph (1) was Rp RP 680.292.930.000 (six hundred and eighty billion two hundred ninety two million nine hundred thirty thousand rupiah), with details as follows: a. the estimated allocation of DBH SDA which is derived from Petroleum Mining was 55% (fifty-five percent) of the estimated total acceptance of a State that is derived from Petroleum natural resources province of West Papua , i.e. Rp RP 550.548.835.000 (five hundred and fifty billion five hundred and forty-eight million eight hundred thirty-five thousand rupiah); and b. an estimate of the allocation of the additional SDAS DBH that comes from Mining Gas is 40% (forty percent) of the estimated total acceptance of a State that is derived from the Natural Gas resources of the province of West Papua, namely Rp RP 129.744.095.000 (one hundred twenty-nine billion seven hundred and forty-four million ninety-five thousand rupiah). (3) in the event of a change in macro-economic indicators assumptions referred to in Act No. 10 of 2010 about the budget revenue and Expenditure of the State Budget Year 2011, an additional allocation of estimated oil and gas SDA DBH as referred to in paragraph (2) the need for adjustment. Article 2 (1) the distribution of oil and gas in order SDA DBH special autonomy for the province of West Papua be carried out quarterly. (2) the distribution of oil and gas in order SDA DBH special autonomy to the province of West Papua first quarter and second quarter respectively implemented by 20% (twenty percent) of the estimated pagu allocation referred to in article 1 paragraph (2). (3) distribution of DBH oil & gas SDA in order special autonomy to the province of West Papua as referred to in paragraph (2) next calculated with the realization of acceptance SDA DBH Oil third quarter and the Fourth Quarter. (4) distribution of DBH oil & gas SDA in order special autonomy to the province of West Papua as referred to in paragraph (3) was implemented through the mechanism of calculation based on data reconciliation between the Central Government with the producing regions. www.djpp.kemenkumham.go.id 2011, no. 199 4 (5) of the Ordinance an additional allocation of SDA DBH distribution of oil and gas in the framework of special autonomy to the province of West Papua was carried out in accordance with the provisions of the legislation. Article 3 in the case launched over the estimated allocation of SDA DBH Oil specified in the fiscal year 2011 is insufficient realization or distribution needs exceed launched in fiscal year 2011, then the distribution can be done based on the realization of acceptance in accordance with the provisions of the legislation. Article 4 of the regulation of the Minister of Finance began in force on the date of promulgation. In order to make everyone aware of it, ordered the enactment of these Regulations the Minister of finance with its placement in the news of the Republic of Indonesia. Established in Jakarta on April 5, 2011 MINISTER of FINANCE of the REPUBLIC of INDONESIA, AGUS MARTOWARDOJO D.W. Enacted in Jakarta on April 5, 2011 MINISTER of LAW and HUMAN RIGHTS Republic of INDONESIA, PATRIALIS AKBAR www.djpp.kemenkumham.go.id