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Government budget for the development of Nusantara, Indonesia 2022-2024

Published by Mona Siahaan, May 8, 2024
As of March 2024, the Indonesian government has allocated a planned budget of around 39.3 trillion Indonesian rupiah for the development of Nusantara. This indicated a significantly higher budget compared to 2022 and 2023.

The Indonesian government is currently developing the Capital City of Nusantara (Ibu Kota Nusantara/IKN) to replace Jakarta as its national capital. The development of Nusantara has started at the end of 2022 and is aimed to be fully completed by 2045. The government estimated that Nusantara would be ready to be occupied and inaugurated in 2024.

Government budget for the development of the Capital City of Nusantara in Indonesia from 2022 to 2024 (in trillion Indonesian rupiah)

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Release date

March 2024

Region

Indonesia

Survey time period

2022 to 2024

Supplementary notes

*Planned budget as of March 2024.

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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