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Nusantara, Indonesia new capital, development and update

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Jokowi govt sets final $2.6b tranche for Nusantara next year


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Cranes stand on June 8, 2023 as construction continues on the administrative center of Nusantara, the country’s new capital in East Kalimantan. Public Works and Housing Minister Basuki Hadimuljono said on Aug. 16 that work on the State Capital City (IKN) Nusantara development project had reached 30 percent completion.(Antara/Fakhri Hermansyah)



Jakarta ● Thu, August 17, 2023


The government plans to allocate a staggering Rp 40.6 trillion (US$2.6 billion) in next year’s proposed state budget for the construction of the country’s Nusantara Capital City (IKN) project in East Kalimantan. At least Rp 35 trillion, or 86.2 percent of the total amount, is earmarked for the Public Works and Housing Ministry to develop vital infrastructure, including a VVIP airport.

The remaining funds are designated for other relevant ministries to develop the necessary facilities in the new capital, including a hospital. Finance Minister Sri Mulyani Indrawati told reporters on Wednesday that the funds were intended to develop critical infrastructure for the nation’s administrative complex, as well as housing for civil servants required to relocate from Jakarta to the new capital.

 
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Minister of Finance Sri Mulyani confirmed that one of the uses of the 2024 State Revenue and Expenditure Budget (APBN) is to support the electric car ecosystem.

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CNN Indonesia
Kamis, 21 Sep 2023, 21:00 WIB


"The APBN will continue to encourage economic transformation, including downstreaming, both for electric cars and batteries and also downstreaming from the food sector," she said at the Press Conference Ratifying the Bill into the 2024 APBN Law at the DPR RI Complex, Central Jakarta, Thursday (21/9) .

"The 2024 APBN will also continue to encourage and support the development of the National Capital City (IKN) and the implementation of the most important national agenda, namely the 2024 Election," added Sri Mulyani.

From 2022 to 2024, the state will allocate a budget of IDR 75.5 trillion to work on IKN Nusantara. In detail, IDR 5.5 trillion in 2022, IDR 29.4 trillion in 2023, and IDR 40.6 trillion in 2024. As of August 2023, the actual budget for IKN development has reached IDR 6.4 trillion.

This figure is equivalent to 21.8 percent of this year's ceiling.On the other hand, she said that Indonesia still has a lot of homework (PR) in 2024, which happens to be the last year of leadership for President Joko Widodo and Vice President Ma'ruf Amin. Therefore, Sri Mulyani emphasized the urgency of using state money to support future economic transformation

Apart from that, she mentioned the need for inclusiveness and sustainability of state finances in the future.

"State income of IDR 2,802 trillion (in 2024) will be used for various activities to support economic transformation, emphasize and improve Indonesia's development index, especially from the human side, namely the human development index (HDI), extreme poverty, stunting, and also from "in terms of poverty level and unemployment Gini coefficient," she explained.

She also promised to continue monitoring global developments so that state spending can be more focused next year. The woman who is familiarly called Ani said that state spending in 2024 would focus on people in the bottom 40 percent group.

 
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More than half of Indonesian land is still forest

The results of Indonesia's forest monitoring in 2022 indicate that the total forestland across the country covers approximately 96 million hectares, which accounts for approximately 51.2 percent of the total land area.

 
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Huge land in Nusantara city is not forest, but it is already agricultural industry land owned by companies. Most non Indonesian doesnt know that we have state owned companies in agricultural sector that has huge land. Palm co for instant owned the largest palm oil land in the world belonging to Indonesian SOE.

Here another example development in Batang, Central Java, where the green land over there is already agricultural industry owned by PTPN (another SOE in agricultural sector). It is not forest

Batang Industrial Park development, Central Java.


Here is the look of forest in Java Island

 
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VVIP Airport in Nusantara starts being built


 
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What infrastructures that are currently being built in Nusantara ?

 
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