Even so, this effort is still suboptimal. That is apparent with the ongoing reliance on two most important funding sources, namely the APBN and domestic buyers.

The relocation proposal saved getting talked over for many years right until the presidency of Susilo Bambang Yudhoyono who supported the idea to create a new political and administrative centre of Indonesia due to Jakarta's environmental and overpopulation issues.[22][23]

Ini akan menjadi pemicu masuknya investasi-investasi baru yang akan mempercepat tumbuhnya kawasan IKN secara keseluruhan," jelas Danis.

Therefore, The federal government demands to make certain that the spending budget allocated for IKN is spent optimally. He implies which the spending plan ought to be centered on assignments that have a bigger effect on accelerating growth and attracting investor interest, such as transportation and energy infrastructure assignments.

Personal buyers, in the Nusantara Consortium, are committed to investing Rp20 trillion to aid the government in acquiring the world.

Dependant on the Nusantara Intelligent City Blueprint, the city's growth has become divided into 5 phases, with the primary stage (2022–2024) involving the relocation with the capital from Jakarta to Nusantara.

By the top of Joko Widodo's presidency, quite a few buildings were completed like the Point out Palace, ministry places of work, household structures, monuments and parks, together with jobs outside the house governing administration spending plan for example inns, hospitals, and PSSI teaching Centre. On seventeen August 2024, Indonesia formally celebrated its Independence Day for The 1st time in Nusantara.

Josua included that utilizing the APBN could assistance retain fiscal security. Having said that, There exists a threat of compromising growth certainty along with the attractiveness of investing.

This is because the 2025 APBN nevertheless has constrained fiscal Place, specifically because of the significant expenditure expected for education, Health care, Power subsidies, along with other precedence expenditures.

With this context, economists believe that The brand new regulation will depend intensely on The federal government’s capacity to generate company incentives and appeal to investment.

Layanan kereta api akan menghubungkan ibu kota baru ke jalan tol yang ada di Kota Balikpapan.[53] Sistem kereta api antarkota dan regional baru akan dibangun untuk menghubungkan ibu kota baru dengan kota-kota dan bandara tetangga yaitu Samarinda (Bandara Internasional Samarinda) dan Kota Balikpapan sebagai bagian dari rencana yang lebih besar untuk jaringan kereta api Trans-Kalimantan yang menghubungkan seluruh sisi Pulau Kalimantan di Indonesia dengan layanan kereta api.[54]

President Prabowo Subianto has confirmed his administration's determination to continuing the event of Nusantara as Indonesia's new funds.[75] Prabowo envisions Nusantara, the cash city in East Kalimantan, because the political funds of Indonesia.[seventy six] Together with making government places IKN of work, buildings that may represent another two branches on the Trias Politica—legislative and judicial—ought to also be concluded.

Regardless of the progress in the event of the new IKN capital, Jokowi has yet to indicator the presidential decree about the money relocation from Jakarta to Nusantara.

Prabowo mentioned which the Independence Working day ceremony in 2025 will even be held in The brand new money, but he has not nevertheless confirmed regardless of whether it will happen at the two Merdeka Palace in Jakarta as well as Point out Palace in Nusantara, since it did in 2024.