Tuesday, July 16, 2024

Jokowi’s Flagship Projects Absorb USD $105.36 Billion of State Budget

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Audina Nur




The Coordinating Ministry for Economic Affairs (Kemenko Perekonomian) reports a substantial allocation of State Budget (APBN) totaling Rp1,515.4 trillion (USD $105.36 billion) dedicated to advancing the development of National Strategic Projects (PSN). Wahyu Utomo, Deputy for Coordination of Regional Development and Spatial Planning at the Coordinating Ministry for Economic Affairs and Chairman of the Executive Committee of the Committee for Accelerating the Provision of Priority Infrastructure (KPPIP), highlighted the significant impact of this budget, resulting in the completion of 190 PSN projects between 2016 and 2023.

Utomo underscored the multifaceted nature of these projects, spanning various sectors such as transportation, energy, and regional development, aimed at enhancing the nation’s infrastructure and fostering economic growth. Notably, he emphasized the completion of 31 PSN projects before the end of President Joko Widodo’s term, encompassing critical endeavors such as toll roads, transportation, dam and irrigation systems, and regional development initiatives.

Furthermore, the Coordinating Ministry for Economic Affairs projects the completion of an additional 41 PSN projects, with a cumulative value of Rp500 trillion (USD $34.77 billion), within the current fiscal year. These endeavors, including transportation and dam projects, are poised to significantly contribute to Indonesia’s infrastructure development and economic advancement. The allocation of substantial resources underscores the government’s commitment to accelerating the implementation of key infrastructure projects, ultimately driving sustainable growth and development across various sectors of the economy.

Audina Nur






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