Indonesia Spends $2.69 Billion for Development of Future Capital Nusantara

Jakarta. The government spent Rp 43.4 trillion ($2.69 billion) from the State Budget in 2024 for the development of Indonesia's future capital, Nusantara, accounting for 97.3 percent of the Rp 44.5 trillion ceiling.
Deputy Finance Minister Suahasil Nazara said the funds were directed towards key infrastructure projects, including the construction of buildings in the State Palace area, ministry offices, the Nusantara Authority building, as well as housing for Civil Servants, hospitals, and transportation facilities like toll roads, bridges, and airports.
Additionally, the budget supported the development of the Sepaku Semoi Reservoir area and flood control measures around Nusantara.
Suahasil highlighted the positive impact of the development on East Kalimantan's economic growth, making it the fastest-growing province in Indonesia. "Kalimantan's economy grew by 4.5 percent in 2022, 6.2 percent in 2023, and remained at 6.2 percent in the third quarter of 2024, despite pressures on commodity prices like coal and CPO," he said.
The open unemployment rate in East Kalimantan also dropped to 5.14 percent in 2024, with 129,000 new jobs created, bringing the total workforce to 1.98 million.
"This development is the result of collaboration between the State Budget and the Regional Revenue and Expenditure Budget," he added.
From 2022 to 2024, a total of Rp 75.8 trillion has been allocated for Nusantara's development, with Rp 5.5 trillion in 2022, Rp 27 trillion in 2023, and Rp 43.4 trillion in 2024. This progress has had a significant positive impact on both East Kalimantan and the broader Kalimantan economy.
Tags: Keywords:The Latest
Guardians of the Forest: How the Dayak Wehea Protect Their Ancestral Land
The Dayak Wehea serve as the last guardians of the Wehea Protected Forest, preserving their ancestral land amid modern challenges.Prabowo Eyes $44 Billion Budget Cuts by 2025 to Fund Danantara, Free Meals Program
Prabowo announces Rp 750T budget savings plan to fund Danantara and free meal (MBG) program by 2025.Green Day vs. Linkin Park: Back-to-Back Jakarta Shows, Which Side Are You On?
Green Day and Linkin Park take over Jakarta with back-to-back shows! Punk vs. nu-metal—who will you choose?Prabowo Responds to Criticism Over 'Bloated' Cabinet at Gerindra's 17th Anniversary
President Prabowo Subianto addressed criticism of his 109-member "Red and White Cabinet," which has been labeled as "bloated".Energia Prima Nusantara Launches New Strategy to Spur Growth
Energia Prima Nusantara recently launched its strategy document that laid out its plans to spur business growth.Most Popular
