JAKARTA – The Ministry of Investment or Indonesian Investment Coordinating Board (lit. Badan Koordinasi Penanaman Modal/BKPM) set the investment realisation target to IDR 1,200 trillion in 2022. Bahlil Lahadalia, the Minister of Investment or Head of BKPM, announces this goal during the Work Meeting with Commission III of DPR in Jakarta, Monday (30/8).
Lahadalia mentions that the board would require an extra ministry budget of IDR 600 billion to attain the said objective. “We need that amount of budget to secure next year’s investment realisation target,” he confirms.
According to Lahadalia, this added allocation would be utilised to reinforce the micro, small, and medium enterprises (SMEs) and agricultural sectors. It would also promote the downstream of the new and renewable energy sector. The budget would be allotted to investment opportunities of IDR 95 billion, relocation of foreign companies to Indonesia of IDR 140 billion, execution of investment realisation for capital investment facilities IDR 110 billion, and execution of stalled investment realisation IDR 120 billion. Then, the budget would also be channelled to new investments of IDR 85 billion and the investment acceleration task force of IDR 50 billion.
The Ministry of Investment was initially granted a budget limited to IDR 711.51 billion for the next year. Specifically, IDR 410.61 billion of it goes to capital investment, while IDR 300.90 billion is directed to support programs and management. (LK/ZH)