IKN Budget Realization Reaches Rp4.3 Trillion by Early April 2024

Economics & Macro

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Nabilah Muhamad 29/04/2024 11:59 WIB

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The Ministry of Finance recorded that the realized budget for IKN development reached Rp4.3 trillion as of April 1, 2024. This represents only 10.9% of the allocated budget.

IKN Budget Realization by Cluster (April 1, 2024)

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IKN Budget Realization Reaches Rp4.3 Trillion by Early April 2024

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IKN Budget Realization by Cluster (April 1, 2024)

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The Ministry of Finance (Kemenkeu) reported that the budget realization for the construction of the new capital city (IKN) in the State Budget (APBN) reached Rp4.3 trillion as of April 1, 2024.

This amounts to only 10.9% of the 2024 budget allocation of Rp39.6 trillion.

IKN spending is divided into two main clusters: infrastructure and non-infrastructure.

Infrastructure spending has reached Rp2.3 trillion, or 6.4% of the allocated budget. These funds were used for the construction of buildings in the state palace area, coordinating ministries and other ministries, and the IKN Authority building.

The budget in this segment was also used for the construction of ASN apartment towers and defense and security facilities, ministerial residences, the IKN toll road, IKN roads and bridges, a VVIP airport, the IKN hospital, the arrangement and improvement of the Sepaku Semoi Dam area, the Embung in the Core Central Government Area (KIPP), and IKN flood control.

Next, the non-infrastructure cluster has realized Rp2 trillion, absorbing 65.5% of the allocated budget of Rp3.1 trillion.

This budget was allocated for planning, coordination, and preparation for the relocation; IKN socialization; policy reports and recommendations to ministries/agencies; support for police security; and OIKN operations.

Finance Minister Sri Mulyani stated that the government has allocated Rp72.1 trillion for IKN development during the 2022-2024 period.

“In 2022, only Rp5.5 trillion was realized, and in 2023, Rp27 trillion. This year, the budget allocation is close to Rp40 trillion,” said Sri Mulyani in a press conference on *APBN KiTa* on the Kemenkeu YouTube channel, Friday (April 26, 2024).

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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IKN Budget Realization Reaches Rp4.3 Trillion by Early April 2024

IKN Budget Realization Reaches Rp4.3 Trillion by Early April 2024

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IKN Budget Realization Reaches Rp4.3 Trillion by Early April 2024

IKN Budget Realization Reaches Rp4.3 Trillion by Early April 2024

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