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Prabowo Commits to $32 Billion Nusantara Project Amid Budget Concerns

1/13/2026

Summary

Story summary

Indonesian President Prabowo Subianto reaffirmed his commitment to the US$32 billion Nusantara project.
The project was initiated by former President Joko Widodo to relocate the capital from Jakarta to Borneo.
Analysts doubt Prabowo can finance Nusantara alongside his programs amid a 2025 budget deficit of 2.92% of GDP.
The government allocated 48.8 trillion rupiah for the project through 2029, about 60% of Widodo's 2022–2024 spending.
Completion is targeted for 2028.

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Story summary

Indonesian President Prabowo Subianto reaffirmed his commitment to the US$32 billion Nusantara project.
The project was initiated by former President Joko Widodo to relocate the capital from Jakarta to Borneo.
Analysts doubt Prabowo can finance Nusantara alongside his programs amid a 2025 budget deficit of 2.92% of GDP.
The government allocated 48.8 trillion rupiah for the project through 2029, about 60% of Widodo's 2022–2024 spending.
Completion is targeted for 2028.