State Budget to be Backbone of New Capital City Construction: Observer

Translator

Antara

17 April 2022 19:35 WIB

The design of the State Palace in the new capital is chosen after going through 15 revisions. Its architecture is the brainchild of architect I Nyoman Nuarta. Instagram/nyoman_nuarta

TEMPO.CO, Jakarta - Infrastructure observer from The Housing and Urban Development (The HUD) Institute Yayat Supriatna has viewed that the state budget (APBN) will be the main backbone of Nusantara capital city (IKN) construction funding in 2024.

"The APBN is the main backbone of IKN for 2024," Yayat told Antara on Sunday.

Currently, for acceleration of the IKN development until 2024, the main focus is on APBN funds, and most works such as constructions of roads and water utilities will be handled by the Ministry of Public Works and Public Housing, according to him.

The strength of the APBN is the forerunner of IKN to attract the attention and interest of both domestic and foreign investors , he said.

"With quality infrastructure standards and good services, investors will be interested in investing in IKN," he added.

Minister of Finance Sri Mulyani Indrawati recently said the government had reserved a budget of Rp27-30 trillion in the 2023 State Budget for the development of the new capital city to be developed in East Kalimantan.

"We also have reserved around Rp27-30 trillion in the next year's APBN for the expenditure of basic infrastructure construction for the new state capital development," Sri Mulyani said.

The allocation of the 2023 state budget will be used to build an office of the Ministry of Transportation, which will play a role in creating connectivity nodes at IKN Nusantara.

President Joko Widodo (Jokowi) earlier said that the government estimated that the total budget requirement for the IKN Nusantara development project will be some Rp466 trillion.

Of the total cost, only 20 percent will be derived from the State Budget, while the remaining 80 percent will be pursued through the Public Private Partnership (KPBU) scheme and the private sector.

Hence, the President asked the Nusantara IKN Authority headed by Bambang Susantono and his deputy Dhony Rahajoe to work agilely and flexibly to obtain funding sources for the development of the new capital city.

Read: Central Kalimantan Prepares Human Resources for New Capital City IKN

ANTARA



Sri Mulyani Asks Pertamina to Control Sales of Subsidized Fuel

1 hari lalu

Sri Mulyani Asks Pertamina to Control Sales of Subsidized Fuel

Finance Minister Sri Mulyani has again asked Pertamina to control the distribution of subsidized oil fuel in order to maintain the state budget.


Risk of Jakarta Sinking Reduced as Capital Relocates to Kalimantan: Deputy Governor

2 hari lalu

Risk of Jakarta Sinking Reduced as Capital Relocates to Kalimantan: Deputy Governor

For Jakarta Deputy Governor Ahmad Riza Patria, the relocation of the capital city to Kalimantan will help solve Jakarta's problems.


Transportation Sector Grows 21.27 Percent; Ministry Hopeful for Rest of 2022

3 hari lalu

Transportation Sector Grows 21.27 Percent; Ministry Hopeful for Rest of 2022

Statistics Indonesia (BPS) recorded 21.27 percent growth in transportation and warehousing in this year's second quarter.


Indonesia Allots Rp44.8 Trillion to Tackle Stunting

7 hari lalu

Indonesia Allots Rp44.8 Trillion to Tackle Stunting

Finance Minister Sri Mulyani Indrawati said the government allocated Rp44.8 trillion from the State Budget (APBN) to suppress the stunting rate.


Politician Criticizes Jakarta, Bandung High-Speed Railway Project Cost Overrun

7 hari lalu

Politician Criticizes Jakarta, Bandung High-Speed Railway Project Cost Overrun

DPR member warned the government to not utilize State Budget to cover the cost overrun of the Jakarta-Bandung high-speed railway project.


Indonesia's State Budget Logs Rp73T Surplus in First Semester: Sri Mulyani

41 hari lalu

Indonesia's State Budget Logs Rp73T Surplus in First Semester: Sri Mulyani

Finance Minister Sri Mulyani said the State Budget in the first semester of this year logged a surplus of Rp73.6 trillion or 0.39 percent of the GDP.


Sri Mulyani Announces Rp132.2tn State Budget Surplus in May 2022

48 hari lalu

Sri Mulyani Announces Rp132.2tn State Budget Surplus in May 2022

Finance Minister Sri Mulyani Indrawati announced that Indonesia's state budget or APBN has again recorded a surplus of Rp132.2 trillion in May 2022.


Jakarta Hajatan; Council Speaker Talks about Capital City Relocation

50 hari lalu

Jakarta Hajatan; Council Speaker Talks about Capital City Relocation

Jakarta DPRD speaker says that the capital city's relocation to East Kalimantan will be momentum to accelerate Jakarta's development.


Jokowi: New Capital City Project Can Restore Environment

50 hari lalu

Jokowi: New Capital City Project Can Restore Environment

President Joko Widodo or Jokowi monitors tree nursery areas for the new capital city or IKN Nusantara in Mentawir, Penajam Paser, today, June 22, 202


National Police HQ to Move to Nusantara Capital City in Stages

53 hari lalu

National Police HQ to Move to Nusantara Capital City in Stages

The National Police is preparing gradual relocation of its headquarters to the Nusantara Capital City in East Kalimantan in 2024