Jakarta – The country loses Rp 38,4 trillion every year from the mining sector, particularly in gas and oil sectors, according to Indonesia Corruption Watch (ICW).

"There are indications that revenues are under-reported every year," said ICW's data center division chief Firdaus Ilyas to tempointeraktif.com.

Firdaus said based on findings from the Supreme Audit Agency (BPK), the total financial losses suffered by the state during the 2000-2008 period from this sector amounted to nearly Rp 346 trillion, or equivalent to twice the state's allocation for the health sector.

The losses were attributed to unaccountability and lack of transparency in management. Moreover, there was also a lack of effective monitoring of the extractive sector by lawmakers.