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Prabowo to revive Housing Ministry, plans Rp 53T as initial budget
This move will see a new Housing Ministry split from the current Public Works and Housing Ministry as Prabowo seeks to position the housing sector as a linchpin of economic growth under his presidency.
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Pictured above is a subsidized-housing complex in Bogor, West Java, on Monday, Jan. 6, 2020. (Antara/Yulius Satria Wijaya)
P
resident-elect Prabowo Subianto is set to establish a Housing Ministry when he assumes office on Oct. 20 with his aide claiming the next administration will allocate Rp 53 trillion (US$3.42 billion) to the ministry for its first year.
This move will see the ministry split from the current Public Works and Housing Ministry as Prabowo seeks to position the housing sector as a linchpin of economic growth under his presidency.
Hashim S. Djojohadikusumo, Prabowo’s brother and head of the president-elect’s housing task force, said the ministry has been included in the 2025 state budget bill, which is still under deliberation by the House of Representatives and the government.
“We’ve already included the figures in our draft state budget for next year. […] Pak [Mr.] Prabowo has given his approval; we will reinstate the Housing Ministry as it was in the past,” said Hashim on Saturday, as quoted from Kumparan.
Read also: Prabowo team vows to bulk up property sector to quarter of GDP
Indonesia last had an independent Housing Ministry in 2014, before President Joko “Jokowi” Widodo consolidated it with the Public Works Ministry upon succeeding Susilo Bambang Yudhoyono.
The housing sector is expected to be a major driver of economic activity, with Prabowo targeting a contribution of 25 percent to the national economy and supporting his ambitious goal of 8 percent gross domestic product growth every year.
