It is expected that SOEs and private investment can expedite the achievement of the national development targets.
Jakarta (ANTARA) - The National Development Planning (PPN) Ministry reported that Rp467.3 trillion (US$32.4 billion) has been allocated for the 2023 ministry/institutional (K/L) expenditure to complete national priority programs so no development project will be neglected.

The amount will also be spent to support the preparation of the 2024 general elections, the construction of the new national capital (IKN), as well as the implementation of various major projects in 2023.

"The funding for national priority programs is allocated proportionally while still paying attention to the development targets," PPN Minister Suharso Monoarfa informed at the 2022 Central Development Coordination Meeting here on Thursday.


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He said that Rp28.7 trillion (US$1.98 billion) of the funds will be used for strengthening national economic resilience for quality and equitable growth, while Rp39.2 trillion (US$2.71 billion) will be utilized for reducing inequality and ensuring equity in regional development.

Furthermore, Rp223.8 trillion (US$15.5 billion) will be allocated to improve the quality and competitiveness of Indonesian human resources by disbursing social assistance, bolstering equal quality education, as well as strengthening access and quality of health services.

In addition, around Rp5.6 trillion (US$388 million) will be allocated for mental revolution and cultural development programs, while Rp97 trillion (US$6.7 billion) will be spent to strengthen basic infrastructure, connectivity infrastructure, and water resource facilities.

The minister said that Rp11 trillion (US$762 million) from the fund will be utilized to build the environment and improve disaster and climate change resilience. Meanwhile, Rp62 trillion (US$4.3 billion) will be used to strengthen political stability, law and human rights implementation, and public service transformation.


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He said that with a holistic, integrative, and spatial approach, the funding allocations will be updated and integrated with other funding sources since the achievement of the 2023 national priority targets will also be supported by financing from state-owned enterprises (SOEs) and the private sector.

So far, there are 77 SOEs priority projects and 234 private priority projects.

Monoarfa said that all the projects are spread proportionally throughout the western and eastern regions of Indonesia.

At least 28 SOEs projects are being implemented in the eastern region of Indonesia, 28 projects in the western region, and 21 projects across the country.

Further, 107 private sector projects are being implemented in the eastern region, 111 projects in the western region, and 16 projects throughout the nation.

"It is expected that SOEs and private investment can expedite the achievement of the national development targets," the minister added.



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Translator: Agatha Victoria, Uyu Liman
Editor: Fardah Assegaf
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