Breakdown of government budget for infrastructure in Nusantara, Indonesia Q2 2023

Published by Mona Siahaan, May 8, 2024
As of the second quarter of 2023, the Indonesian government has allocated approximately 11.5 trillion Indonesian rupiah for housing and settlements in Nusantara, making up over 27 percent of the total infrastructure budget dedicated to the city's development.

The Capital City of Nusantara (Ibu Kota Nusantara/IKN), located in East Kalimantan, is currently under development to replace Jakarta as Indonesia's national capital. The government estimated that Nusantara would be ready to be occupied and inaugurated in 2024, with full development expected to be completed by 2045.

Breakdown of government budget for infrastructure in the development of the Capital City of Nusantara, Indonesia as of 2nd quarter 2023 (in billion Indonesian rupiah)

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Release date

March 2024

Region

Indonesia

Survey time period

Q2 2023

Supplementary notes

One thousand Indonesian rupiah is equal to approximately 0.062 U.S. dollars and 0.058 euros as of May 2024.

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