Tempo Explain: Kian Menipis Anggaran IKN di Era Prabowo
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00:00In front of President Joko Widodo, President-elect Prabowo Subianto promised to continue the development of the capital city of Nusantara to Tuntas.
00:12He ensured that funds for the project were available.
00:15Prabowo's promise to continue the development of the IKN faces challenges between the country's limited budget.
00:21Prabowo's government in the future has a burden of paying a debt of 800 trillion rupiahs and a debt of 400 trillion rupiahs.
00:30The total is almost half of the tax revenue target in the 2025 RAPBN, which is 2,548.3 trillion rupiahs.
00:39The other mandatory expenses are the expenses of employees and goods that cost more than 850 trillion rupiahs.
00:46On the supply side, there are also challenges.
00:48The price of the community has plummeted in recent years.
00:54There is also funds from the RAPBN for the development of the IKN next year, only 15.4 trillion rupiahs left.
01:00From a total of 466 trillion rupiahs needed to build the IKN, only 20% was taken from the RAPBN, or around 90.4 trillion rupiahs.
01:09Meanwhile, the budget for the IKN from 2022 to 2024 has run out of 75.5 trillion rupiahs.
01:17The budget for the IKN from this year's RAPBN, which was set last July, plummeted to 42.5 trillion rupiahs.
01:24The value plummeted from the initial budget set in January 2024 to 40.6 trillion rupiahs.
01:32With a remaining fund of 15.4 trillion rupiahs for next year, the budget for the IKN from the RAPBN is considered insufficient.
01:38Because there are still projects in the government's core areas that have not been completed.
01:42The budget in the budget is only enough to develop Area 1A of the government's core areas with an area of 2,800 hectares.
01:49Meanwhile, the total area of the KIPP reaches 6,617 hectares.
01:55Director-General Yusuf Wibisono said that Prabowo actually realized the weight of the IKN's development target in a very short time.
02:03The obstacles were numerous, from the weakness of investors' interest in the IKN, to the resistance of ASN to move to the capital city.
02:11If until today, the elected president still claims to continue the development of the IKN,
02:16Yusuf estimates that attitude is more of a form of respect for Prabowo to Jokowi as the initiator of the IKN.
02:22When he was in office, Yusuf believed that Prabowo would be realistic and evaluate the IKN.
02:28Because Prabowo's main policy promise is not to develop the IKN, but to feed the farmers who also need a lot of money.
02:34The proof is that the budget for this project has been included in the APBN 2025 plan.
02:39When the IKN is not a priority, the opportunity for private investors to enter the IKN will be more difficult as the commitment of the new government decreases.
02:47The opportunity to complete the development of the IKN will be smaller.
02:51The director of the Executive Center of Economic and Law Studies Indonesia, Bima Yudhistira said,
02:56if we look at the fiscal spending posture, it is impossible to fund the IKN to the APBN 2025.
03:02If the government's strategy increases the acceptance of the increase in the wage ratio, Bima reminds the risk of the impact on the business sector and the people.
03:10However, Bima said it is not impossible to continue to fund the IKN in this condition.
03:15Prabowo has a choice to shrink the development little by little.
03:19He is not sure there will be investment from the private sector that will enter in the near future,
03:23while entrepreneurs will still wait for the area to fill up.
03:29Another option is to add debt. Senior CSIS researcher, Denny Friawan said,
03:34the government can find financing by issuing a new debt letter.
03:38But Denny responds with a global situation that is still undetermined now.
03:42Even if you get financing, the cost is high.
03:45By adding a new debt, Denny estimates Prabowo must sacrifice capital spending.
03:51There was a member of the TKN Expert Council, Prabowo Gibran, Derajat Wibowo,
03:54affirmed that Prabowo is committed to continuing the IKN, even accelerating a number of developments,
03:59such as buildings for MPR and DPR.
04:02He ensured that the fiscal space was still available to complete the development in the government zone in the IKN,
04:07without having to increase the deficit limit by more than 3% or the debt ratio.
04:11According to Derajat, the key to this is to maximize state income.
04:16Prabowo plans to increase the debt ratio by more than 10% next year.