Indonesia's 2024 State Budget Infrastructure Allocation Reaches Rp422.7 Trillion: Here's the Breakdown

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Nabilah Muhamad 18/08/2023 20:29 WIB

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President Joko Widodo has allocated Rp422.7 trillion for infrastructure in 2024. The largest allocation is for ministries/agencies' spending, reaching Rp213.7 billion.

Infrastructure Budget Allocation in the 2024 (2023) State Budget

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Indonesia's 2024 State Budget Infrastructure Allocation Reaches Rp422.7 Trillion: Here's the Breakdown

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Infrastructure Budget Allocation in the 2024 (2023) State Budget

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The Indonesian government has allocated Rp422.7 trillion (approximately US$27.6 billion based on current exchange rates) for infrastructure in the 2024 State Budget (RAPBN). This figure represents a 5.8% increase from the Rp399.6 trillion allocated in 2023. The 2024 infrastructure budget is the largest during President Joko Widodo's administration.

So, which infrastructure projects will receive funding next year?

According to the 2024 Financial Note, Rp213.7 trillion will be allocated to ministries/institutions (K/L) for infrastructure spending. This funding is earmarked for regional road construction, the development of the new capital city (IKN), stadium renovations, and education and health infrastructure.

An additional Rp20.27 trillion is allocated for non-K/L spending on infrastructure in New Autonomous Regions (DOB) and support for Public-Private Partnerships (KPBU).

"Non-K/L spending is for new autonomous regions. We know that Papua has new provinces. Therefore, we are allocating funds for the construction of (provincial) capitals and their supporting infrastructure," said Finance Minister Sri Mulyani at the Directorate General of Taxes building in Jakarta, as reported by *CNBC Indonesia* on Wednesday, August 16, 2023.

Furthermore, Rp94.8 trillion is allocated for Regional Performance Allowances (TKD), channeled through Special Allocation Funds (DAK) for physical infrastructure, and General Allocation Funds (DAU) for public works.

Finally, Rp93.9 trillion is allocated for financing, partly directed towards State Capital Participation (PMN) in state-owned enterprises (BUMN) or institutions in the infrastructure sector.

(See also: Ministry of PUPR Receives the Largest Budget Allocation in the 2024 RAPBN)

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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Indonesia's 2024 State Budget Infrastructure Allocation Reaches Rp422.7 Trillion: Here's the Breakdown

Indonesia's 2024 State Budget Infrastructure Allocation Reaches Rp422.7 Trillion: Here's the Breakdown

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Indonesia's 2024 State Budget Infrastructure Allocation Reaches Rp422.7 Trillion: Here's the Breakdown

Indonesia's 2024 State Budget Infrastructure Allocation Reaches Rp422.7 Trillion: Here's the Breakdown

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