Extensive Infrastructure Development Spurs Surge in Indonesia’s National Assets

Railway line Project in Sulawesi

The relentless pursuit of infrastructure development has yielded a remarkable surge in Indonesia’s national assets and overall wealth. According to data from the Ministry of Finance, the Jokowi administration has allocated a staggering IDR 2,779.9 trillion from the state budget (APBN) to fund an array of infrastructure projects.

This substantial investment is poised to serve as a formidable catalyst in propelling the nation towards a future of accelerated economic transformation under the banner of “Indonesia Maju” (Prosperous Indonesia).

Speaking at a parliamentary session with the Budgetary Body of the DPR, Finance Minister Sri Mulyani Indrawati highlighted the multifaceted nature of this infrastructure drive, emphasizing its aim to boost productivity and mobility across Indonesia rather than catering solely to extravagance. She remarked, “This increase is intended to enhance productivity and mobility, leading to economic growth in every corner of Indonesia, rather than merely pursuing luxury.”

Comparing the current era with the preceding administration of President Susilo Bambang Yudhoyono (SBY), the surge in national assets during President Jokowi’s tenure is notably higher. The Directorate General of State Assets at the Ministry of Finance revealed that by the end of 2021, the total national assets had reached a staggering IDR 11,454 trillion, representing an impressive increase of IDR 7,543 trillion from the end of 2014, marking the conclusion of President SBY’s term.

Further examination of the data released by the Public Procurement Agency (LKPP) reveals that the overall increase in national assets during President SBY’s leadership amounted to IDR 3,059 trillion. These national assets encompass various categories, including current assets, long-term investments, fixed assets, long-term receivables, and other miscellaneous assets. Notably, the category of current assets experienced the most substantial increase, soaring from IDR 86 trillion in 2004 to IDR 262 trillion in 2014.

Delving deeper into the composition of national assets, the surge in fixed assets stands out prominently, registering an impressive rise of IDR 844 trillion. This robust growth in fixed assets is accompanied by long-term investments, which saw an increase of IDR 176 trillion, and other assets, which climbed to IDR 551 trillion.

The transformative impact of the Jokowi administration’s infrastructure drive has positioned Indonesia on a trajectory of unparalleled growth and development. By investing heavily in building the foundation for enhanced productivity and mobility, the government seeks to unlock the nation’s untapped potential and propel Indonesia towards a future characterized by progress and prosperity.