IDR 4.8 Trillion Spent on IKN Development Budget as of April 2024

Economics & Macro

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Nabilah Muhamad 28/05/2024 12:02 WIB

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The Ministry of Finance reports that Rp4.8 trillion has been spent on the IKN development budget as of April 30, 2024. This represents only 12.1% of the allocated budget of Rp39.8 trillion.

IKN Budget Realization by Cluster (April 30, 2024)

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IDR 4.8 Trillion Spent on IKN Development Budget as of April 2024

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IKN Budget Realization by Cluster (April 30, 2024)

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The Ministry of Finance (Kemenkeu) reported that the budget realization for the development of the new capital city (IKN) in the State Revenue and Expenditure Budget (APBN) reached Rp4.8 trillion as of April 30, 2024.

"The IKN budget is Rp39.8 trillion, but the realization is Rp4.8 trillion. So it's only 12.1%," said Finance Minister Sri Mulyani in the *APBN KiTa* press conference on the Kemenkeu YouTube channel, Monday (27/5/2024).

The state treasurer explained that IKN expenditure is divided into two main clusters: infrastructure and non-infrastructure.

Infrastructure cluster spending has used Rp2.8 trillion of the Rp36.5 trillion allocation. This funding 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 to the construction of ASN apartment towers and defense and security facilities, ministerial residences, the IKN toll road, IKN roads and bridges, the VVIP airport, the IKN hospital, the arrangement and improvement of the Sepaku Semoi Dam area, the Embung Core Central Government Area (KIPP), and IKN flood control.

Next, the non-infrastructure cluster has realized Rp2 trillion from an allocation of Rp3.2 trillion. This budget was channeled for planning, coordination, and preparation for the relocation; IKN socialization; policy reports and recommendations to ministries/agencies; Polri security support; and OIKN operations.

The total IKN budget allocation from 2022 to 2024 is Rp72.3 trillion.

"Spending for IKN has increased year by year. From Rp5.5 trillion in 2022, it increased to Rp27 trillion in 2023, and this year Rp39.8 trillion is in our APBN," said Sri Mulyani.

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."