The OIKN requires a budget of Rp48.8 trillion until 2028 for the Phase II development.

The State Capital Authority (Otorita Ibu Kota Negara IKN) revealed that the total need for the construction of IKN phase II for the 2025-2028 period reached IDR 48.8 trillion.

OIKN Head Basuki Hadimuljono explained that the budget will be used to support the construction of office areas, legislative and judicial residences, including the ecosystem.

“Until 2028, OIKN's budget needs, which have been approved by the President since January, are Rp48.8 trillion,” said Basuki in a hearing with Commission II of the House of Representatives, Tuesday (8/7/2025).

As for this year, OIKN requires a budget of IDR 14.40 trillion which is used for projects in the IKN Government Center Core Area (KIPP), ranging from roads to legislative areas.

While the disbursement of funds from the 2025 State Budget is only IDR 6.2 trillion. OIKN had proposed an additional budget of IDR 8.1 trillion in November 2024.

Then in 2026, OIKN needs a budget of IDR 17.08 trillion. However, the indicative ceiling for next year is only IDR5.05 trillion.

“With this adjustment, OIKN proposed an additional budget for 2026 from Rp5.05 trillion to Rp16.13 trillion, which we have submitted to the Minister of Finance,” said Basuki.

In 2027, OIKN needs a budget of Rp14.64 trillion and in 2028 it is Rp2.68 trillion.

(Read: IKN Development Takes Rp43.3 Trillion Budget in 2024)