Gov't Analyzes State Asset Management as Indonesia Moves Capital

TheIndonesia.co - Indonesia’s Ministry of Finance is currently analyzing the utilization and management of state assets in Jakarta as the country moves its capital to East Kalimantan.

Director of state-owned assets of the directorate general of state assets (DJKN) at the Ministry Encep Sudarwan said the office continues to enlist and analyze the best use of the soon-to-be unutilized state assets in the former capital, which is amounting to Rp300 trillion (US$21.42 billion).

“Currently, we’re working to prepare, inventorize, and analyze the highest and best use [of the state assets],” Sudarwan said on Friday, January 28, as reported by Antara.

According to him, total state assets in Jakarta actually amounts to up to Rp1,400 trillion, but only Rp300 trillion can be utilized as Indonesia’s capital move from Jakarta to Nusantara in East Kalimantan province.

For example, a lot of assets in the form of regional offices and directorates will continue to be in use and aren’t included in the Ministry’s inventory.

Sudarwan said the Ministry is still working to determine future use of the assets, and the utilization can only start once relocation takes place. It also will be done gradually as ministries and state agencies move to their new offices in sequence.

“There’s sequence of which ministries and agencies will move first, and only then we’ll be able to start looking into the remaining assets,” he concluded.

Development of the new capital city still continues, and first round of relocation is expected to start in 2024.