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IKN’s budget bumped to Rp 14t despite broader cuts
On Wednesday, House Commission II greenlit an additional Rp 8.1 trillion (US$520 million) for the megaproject, bringing the total 2025 allocation to nearly Rp 14 trillion.
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A worker walks in front of the State Palace at the government office complex in Nusantara, North Penajam Paser, East Kalimantan, on Nov. 10, 2024.
(Antara Foto/M Risyal Hidayat)
T
he House of Representatives has approved a substantial budget increase for the construction of the planned future capital of Nusantara in East Kalimantan, despite government-wide spending cuts that have affected ministries and agencies across the board.
On Wednesday, House Commission II greenlit an additional Rp 8.1 trillion (US$520 million) for the megaproject, bringing the total 2025 allocation to nearly Rp 14 trillion.
Nusantara Capital City (IKN) Authority head Basuki Hadimuljono said on Wednesday that the request for the top-up had been endorsed by President Prabowo Subianto and that he had also formally conveyed the idea to the Finance Ministry and State Secretariat.
“President Prabowo and his ministers have asked us to prepare the proposal [for the additional budget],” Basuki told reporters after a meeting with House Commission II on Wednesday.
The budget was to be used for phase two of construction, Basuki said, focusing on the legislative and judicial complexes and supporting infrastructure, as well as to fund building maintenance.
Read also: RI to earmark Rp 48 trillion for IKN development for next five years
President Prabowo had, in a closed-door meeting on Jan. 21, agreed to set aside a total budget of Rp 48.8 trillion for Nusantara’s development over the next five years.
