Research

Is There Enough Money for IKN?

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Algo Research Team

Economics | Sep 03, 2024 | Views: 2414

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Key Summary:

  • Limited fiscal budget means need a priority
  • Will SOE companies need to leverage up again?
  • Raising taxes & issue bonds to fund IKN

During our market outlook in July 2024, we stated that a limited fiscal budget will likely force Prabowo to make a choice between starting his own legacy or continuing existing legacy. 


Specifically, there will come a time when Prabowo will need to choose between his free-lunch program or Jokowi’s IKN program, but not both, as each of the program costs ranging IDR400-600tn.

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