Key insights and market outlook
The Indonesian government has revealed that the Ibu Kota Nusantara (IKN) project requires a total budget of Rp48.80 trillion for the period 2025-2028. The breakdown includes Rp14.40 trillion for 2025 and Rp17.08 trillion planned for 2026. The budget allocation has been approved by the Ministry of Finance and Ministry of State Secretary.
The Indonesian government's ambitious Ibu Kota Nusantara (IKN) project has revealed a total budget requirement of Rp48.80 trillion for the period spanning 2025 to 2028. This significant investment underscores the nation's commitment to developing its new capital city infrastructure.
The budget allocation for the IKN project is distributed as follows:
The 2026 budget of Rp17.08 trillion has received approval from key government ministries, including the Ministry of Finance and the Ministry of State Secretary. The allocation is further divided into:
The IKN project is overseen by the Otorita IKN (IKN Authority), led by Basuki Hadimuljono. The detailed budget breakdown was revealed during a recent Rapat Dengar Pendapat (RDP) session with Komisi II, as reported by various news outlets.
The massive investment in the IKN project is expected to have significant economic implications for Indonesia, potentially stimulating growth in various sectors including construction, infrastructure development, and related industries. The project's progress will be closely monitored by both domestic and international stakeholders.
IKN Budget Allocation for 2025-2028
2026 Budget Approval