Juda Agung: APBN Saja Tak Cukup Biayai Seluruh Kebutuhan Investasi Pembangunan

Wamenkeu Juda Agung (Photo: Aris Nurjani/VOI)

JAKARTA - Indonesia's investment needs in 2027 are projected to reach IDR 8,705 trillion, far above the financing capacity of the State Budget (APBN) which is only around IDR 459 trillion.

Deputy Minister of Finance Juda Agung said Indonesia's investment needs could not be met by the state budget, but would be supported by various other sources of financing.

He added that investments from SOEs, including Danantara, are estimated to contribute around IDR 330 trillion, while the largest share or around IDR 7,973 trillion (91 percent) is expected to come from the private sector.

"The state budget can only reach around Rp. 459 trillion. Some of it is by SOEs, including between Rp. 330 trillion. The rest must largely come from private financing sources, namely 7,973 trillion or about 91 percent from private financing, whether it is banks, other financing, and including here is the capital market," he said. at the launch of the Gold ETF and the Indonesian Capital Market Anniversary, Monday, August 10.

According to Juda, the capital market has a strategic position in meeting the needs of national investment financing, namely the capital market can be a link between the company's funding needs and the funds owned by the public and investors.

"Well, here is where the capital market plays a strategic role as a source of private financing. It is a bridge that connects the financing needs of corporations with community funds. It is a source of financing that is efficient, transparent, and just," he explained.

In addition, Juda assessed that strengthening the Indonesian capital market needed to continue to be carried out so that it could carry out these functions optimally while supporting national economic growth.

He emphasized the importance of building a capital market that has sufficient depth and liquidity, as well as a high level of trust and credibility.

"The capital market exists as a catalyst for national economic growth. Therefore, we must realize an Indonesian capital market that is deep, liquid, and of course also trustworthy and credible so that it can play an optimal role in facilitating investment and supporting high economic growth targets," he said.

On the fiscal side, he also conveyed that the state budget condition until now is still on track with the target even though the global economy is facing uncertainty.

He added that state revenues are said to have grown by around 24 percent, while government spending is also one of the drivers of economic growth in the first two quarters of 2026.

He also ensured that the fiscal deficit was still within the controlled limit.

"We at the Ministry of Finance are working hard to maintain the health of the state budget as the main instrument for economic growth and people's welfare while maintaining prudence in managing the fiscal position under a deficit of less than 3 percent," he said.

However, Juda reminded that the state budget cannot be the only source of financing to meet all national development needs.

He added that the need for funding for infrastructure, energy, education, human resource quality improvement to downstream requires financing on a much larger scale than the government's fiscal capacity.