Investment Realization Reaches 48.5 Percent Until Semester I-2023, Minister Bahlil: Singapore Becomes The Highest Investor

Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia. (Photo: Doc. ANTARA)

JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said investment realization had reached 48.5 percent of the target set by President Joko Widodo (Jokowi), until the first semester of 2023.

"As of the first semester of 2023, from the target of IDR 1.400 trillion, IDR 678.7 trillion has been achieved, equivalent to 48.5 percent", said Minister Bahlil at a Working Meeting with Commission VI of the Indonesian House of Representatives in Jakarta, quoted Tuesday, September 5.

The realization figure is equivalent to 61.7 percent of the Strategic Plan (Renstra) target of IDR 1,099.8 trillion.

The investment realization also has details of Foreign Investment (PMA) of IDR 363.3 trillion or 53.5 percent and Domestic Investment (PMDN) of IDR 315.4 trillion or 46.5 percent.

Bahlil said, based on President Jokowi's direction, he was asked to create quality investment, one of which was the spread between PMA and PMDN, as well as even investment in Java and outside Java.

The realization of investment outside Java reached IDR 345.9 trillion or greater than investment in Java which amounted to IDR 323.8 trillion.

"From 2020 to the third quarter to 2023 in the second quarter, Alhamdulillah, investment outside Java has been greater than in Java as a form of manifestation of building Indonesia, not Central Java, but a critical Indonesia," said Bahlil.

Based on the data owned, Bahlil said that Singapore is the country with the highest number of investments in Indonesia.

"That's right, Singapore still has more (the amount of investment), but some Indonesian money is in Singapore," he said.

Furthermore, Bahlil said, the progress of the realization of the ministry's budget absorption has been realized in the amount of Rp793 billion or 70.09 percent of the total ceiling of Rp1.1 trillion, until August 31, 2023.

Meanwhile, the ministry's budget allocation in the 2024 Fiscal Year (TA) is IDR 1.23 trillion, both indicative ceilings and budget ceilings.

In detail, Rp416 billion for the Management Support Program and Rp810 billion for the Investment Program.