#Government
Lower budget for IKN development under Prabowo-Gibran administration: Sri Mulyani
Indonesia's 2025 budget for the development of the new capital Nusantara (IKN) is set at Rp143.1 billion (US$9.2 million), significantly lower than the infrastructure support provided in 2022.
Indonesia to generate US$190.5 billion revenue in 2025 State Budget
Indonesia is anticipated to generate Rp2,996.9 trillion (US$190.5 billion) in 2025 state revenue, consisting of tax revenue at Rp2,490.9 trillion (US$158 billion) and non-tax state revenue (PNBP) at Rp505.4 trillion (US$32 billion, while maintaining the investment climate and environmental sustainability as well as accessibility of public services.
Indonesia to allocate US$229.6 billion for 2025 State Budget
Indonesia allocates Rp3,613.1 trillion (US$229.6 billion) for government expenditure in the 2025 State Budget (APBN), including for the central government spending at Rp2,693.2 trillion (US$171 billion) and regions across the country at Rp 919.9 trillion (US$58 billions).
Jokowi claim ssuccess for his 10-year-term in office
President Joko “Jokowi” Widodo delivered his State of the Union address on the occasion of the 79th Anniversary of Indonesian Independence on Friday, August 16, 2024, claiming a success in developing Indonesia during his two terms in office.
President Jokowi apologizes to Indonesian people ahead of end of his tenure
President Joko “Jokowi” Widodo on Friday, August 16, 2024, apologized to Indonesian people for their disappointment towards him and every dream that has not been realized during his tenure as president as he delivered his State of the Nation Address for the 79th Anniversary of Indonesian Independence.
PLN collaborates with Saudi company to develop Saguling Floating Solar PV
State power utility PT PLN signed power purchased agreement (PPA) with Saudi Arabia energy company ACWA Power on Tuesday, August 13, 2024, to develop floating solar power plant Saguling in West Java with the capacity of 92 MWp.
Airlangga says meeting with Bahlil unpolitical
Coordinating Minister for the Economy, Airlangga Hartarto, has clarified that his meeting with Minister of Investment/Head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia, was purely focused on future investment strategies and not related to political matters.
PLN ensures reliable electricity supply for anode battery factory in Kendal SEZ
Indonesia power utility PT PLN is committed to providing reliable electricity for the operation of the lithium anode battery factory in the Kendal Special Economic Zone (SEZ), Central Java, which was recently inaugurated by President Joko “Jokowi” Widodo.
Indonesia lagging behind in solar power development: IESR
The Institute for Essential Services Reform (IESR) has highlighted that Indonesia is significantly behind other Southeast Asian nations in solar power development, despite recent improvements driven by foreign investments.
President Jokowi mulls over cabinet reshuffle, four ministers targeted
President Joko “Jokowi” Widodo is reportedly planning another cabinet reshuffle in the near future, with four key ministers likely to be replaced as part of the measures aimed at enhancing the government's performance during the final months of his administration.
Government realizes 26.4 percent budget realization for IKN development
The Indonesian government has realized Rp11.2 trillion of the allocated budget for the development of the Nusantara Capital City (IKN) as of July 2024, marking 26.4 percent of the total budget allocation of Rp42.5 trillion (US$2.7 billion) for the year.
Foreign ministry-UNIDO collaborate on IKN development strategy
The Indonesian Ministry of Foreign Affairs, in cooperation with the United Nations Industrial Development Organization (UNIDO), held a workshop in Jakarta on Monday, August 12, 2024, aimed at garnering and sharing ideas for green, smart and sustainable development of Indonesia’s new capital city Nusantara (IKN).