IDR 5.5 Trillion in IKN Development Budget Realized by May 2024

Economics & Macro

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Nabilah Muhamad 28/06/2024 14:50 WIB

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The Ministry of Finance reports that the realization of IKN development has cost Rp5.5 trillion as of May 2024.

IKN Budget Realization by Cluster (May 31, 2024)

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IDR 5.5 Trillion in IKN Development Budget Realized by May 2024

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IKN Budget Realization by Cluster (May 31, 2024)

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The Ministry of Finance (Kemenkeu) reported that the budget realization for the construction of the Nusantara Capital City (IKN) in the state budget (APBN) reached Rp5.5 trillion as of May 31, 2024.

This achievement is equivalent to 13.7% of the total APBN allocation this year, which is Rp40 trillion.

The budget was used for the construction of infrastructure and non-infrastructure clusters.

Infrastructure cluster spending has consumed Rp3.4 trillion of the Rp36.7 trillion allocation. This fund was used for the construction of buildings in the State Palace area, the Coordinating Ministry and other ministries, and the IKN Authority building.

Furthermore, the budget in this segment was also channeled for the construction of ASN and defense and security towers, ministerial houses, the IKN hospital, the IKN toll road, the IKN bridge, the VVIP airport, improvements to the Sepaku Semoi Dam area, and IKN flood control.

Meanwhile, the non-infrastructure cluster has realized Rp2 trillion from an allocation of Rp3.2 trillion.

This budget was used for planning, coordination, and preparation for relocation; reports and policy recommendations from ministries/agencies; support for Polri security, and IKN Authority operations.

In addition, Finance Minister Sri Mulyani explained that the government has disbursed Rp72.5 trillion for the construction of IKN from 2022-2024.

The details are: Rp5.5 trillion in 2022, Rp27 trillion in 2023, and Rp40 trillion in the 2024 APBN.

"Spending for three years until we hope IKN can be used on August 17 (2024)," said Finance Minister Sri Mulyani in an online press conference on Thursday (June 27, 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."