House’s Budget Committee Urges Govt to Reevaluate IKN Financing

According to the Finance Ministry, a total of IDR72.8 trillion from the state budget is slated for the development of Nusantara for 2022–2024.

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3 Jan 2024 - 16.02
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House’s Budget Committee Urges Govt to Reevaluate IKN Financing

Kantor Kementerian Koordinator 4 (Kemenko 4) yang berlokasi di Kabupaten Penajam Paser Utara, Kawasan IKN Nusantara. WSBP

Bisnis, JAKARTA — The House of Representatives Budget Committee has requested the government to evaluate the use of the state budget (APBN) in the development of the Nusantara Capital City (IKN) mega-project.

The request was made due to concerns that a lack of private sector interest in the project would prompt an increase in state budget spending for IKN, which originally was only 20% of the total requirement reaching IDR466 trillion.

In the 2023 state budget, the government has allocated funds amounting to IDR26.7 trillion for this ambitious mega-project. The Finance Ministry notes that the total budget allocated for IKN from 2022 to 2024 reaches IDR72.8 trillion.

Each year, the fiscal contribution from the state continues to increase, rising from IDR5.5 trillion in 2022 to IDR26.7 trillion last year. This year, around IDR40.6 trillion from the state budget is allocated for the project.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Rayful Mudassir
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House’s Budget Committee Urges Govt to Reevaluate IKN Financing

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