The IKN Development Will Cost Rp43.3 Trillion in 2024

Economics & Macro

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Nabilah Muhamad 07/01/2025 12:39 WIB

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The Ministry of Finance reports that the budget realization for IKN development reached Rp43.4 trillion in 2024. This is equivalent to 97.3% of last year's allocation.

IKN Development Budget Realization (2022-2024*)

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The IKN Development Will Cost Rp43.3 Trillion in 2024

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IKN Development Budget Realization (2022-2024*)

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The Ministry of Finance (Kemenkeu) reported that the budget realization for the construction of the new capital city (IKN) in 2024 reached Rp43.4 trillion. This realization is equivalent to 97.3% of the initial allocation of Rp44.5 trillion.

Deputy Minister of Finance Suahasil Nazara stated that the total budget for IKN development from 2022-2024 amounted to Rp75.8 trillion. The breakdown is Rp5.5 trillion in 2022 and Rp27 trillion in 2023.

"We have seen the impact of this development on East Kalimantan Province and Kalimantan as a whole, as this is a very large allocation for regional spending," said Suahasil in an online press conference for *APBN KiTa* on Monday (January 6, 2024).

This budget was used for various strategic projects in IKN, such as the construction of buildings in the State Palace area, Coordinating Ministry buildings, the IKN Authority (OIKN) building, and other ministries.

Funds were also allocated for the construction of ASN apartment towers, ministerial houses, hospitals, toll roads, bridges, and an airport in IKN.

Furthermore, the budget was used for the development of the Sepaku Semoi Dam area, the KIPP Embung, and flood control in the IKN area.

Suahasil mentioned that the development in IKN has boosted economic growth in Kalimantan, increasing from 4.5% in 2022 to 6.2% in the third quarter of 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."