Budget 2025 Dipangkas, KKP Kembangkan Sumber Pendanaan Dari Investor

JAKARTA - The Ministry of Maritime Affairs and Fisheries' (KKP) budget for 2025 was cut by IDR 2.12 trillion from the initial ceiling of IDR 6.22 trillion. With this cut, the KKP encourages the diversification of funding schemes to ensure the sustainability of the management of the Indonesian marine ecosystem.

Secretary of the Directorate General of Marine and Marine Management of the KKP, Kusdiantoro, said that his party continues to develop innovative strategies to support marine conservation and national food security.

One of them is through Small-Scale Fisheries Impact Bond, a outcome-based funding scheme involving investors to support the economic strengthening of coastal communities as well as achieve national food conservation and security targets.

"The existence of a budget efficiency policy requires us to be more creative in collaborating and innovating in carrying out programs, including developing alternative funding sources in managing conservation areas," he said in a written statement quoted on Saturday, March 1.

Kusdiantoro assessed that innovative funding such as Impact Bond allows more targeted investment. Among other things, to encourage sustainable fisheries practices, improve fishermen's welfare and preserve marine resources.

In addition, he said, marine ecosystem conservation has a strategic role in maintaining ecological balance, sustainable commercial fish stocks and climate change mitigation.

Even so, threats to biodiversity, decline in fish stocks and the impact of human activity demand more innovative and sustainable conservation measures.

Currently, the KKP targets the protection of 30 percent of Indonesia's marine areas as conservation areas and Other Effective Areas-Based Conservation Measure (OECM) until 2045.

"With a conservation area that has reached 29.9 million hectares, the KKP together with partners are preparing an expansion plan of up to 97.5 million hectares and adding 10 million hectares of non-conserving areas as part of the OECM," he said.

To achieve this target, according to Kusdiantoro, significant funding is needed. To close the financing gap, he continued, his party continues to encourage alternative funding innovations, including the implementation of a swap for nature debt with the United States Government (US) and the issuance of coral bonds with the World Bank.