Phase II will be supported by a 48.8 trillion IDR (approximately 2.8 billion USD) allocation from the state budget.

The Indonesian government has allocated 48.8 trillion IDR (2.99 billion USD) for the second phase of developing Nusantara, Indonesia's new capital, for the 2025-2029 period. This represents a notable decrease from the 89 trillion IDR set aside for the first phase in 2022-2024.

The Indonesian Government spent 43.4 trillion IDR (2.69 billion USD) from the 2024 state budget on the development of the country’s new capital, Nusantara, accounting for 97.3% of the 44.5 trillion IDR ceiling.

Indonesian Public Works Minister Dody Hanggodo has announced that the relocation of President Prabowo Subianto's office to the new capital of Nusantara (IKN) is slated for August 17, 2028.

Indonesian Forestry Minister Raja Juli Antoni announced on October 21 that President Prabowo Subianto remains committed to advancing the development of the new capital, Nusantara (IKN), located in East Kalimantan province.

Indonesia’s Nusantara Capital City Authority (OIKN) is preparing land for embassies of foreign countries in the new capital.

Indonesian President Joko Widodo has reiterated that his government will pay special attention to domestic players keen on investing in Nusantara Capital City (IKN), East Kalimantan, considering their huge numbers.

Indonesian President Joko Widodo held his first cabinet meeting in the planned new capital, Nusantara, on August 12.

Indonesia spent 5.5 trillion IDR (336 million USD) on the resettlement project in its new capital Nusantara in the first five months of this year.

Indonesia will speed up site clearance for the development of the country’s new capital city Nusantara (IKN), a senior official has said.

Indonesian President Joko Widodo on November 1 attended a groundbreaking ceremony for Nusantara Capital Airport (IKN Airport) located in East Kalimantan province on Borneo island.

Indonesia’s parliamentary budget committee has approved additional 15 trillion IDR (1.01 billion USD) to speed up the construction of the flagship new capital Nusantara on Borneo island, the committee’s chair Said Abdullah announced on June 9, according to Business world.in.

The Indonesian government has called on Czech investors to join developing environmentally friendly mass transportation in the future capital of Nusantara.

The Indonesian Finance Ministry is mulling adding around 8 trillion IDR (531 million USD), to this year’s budget plan for Indonesia’s new capital megaproject Nusantara.

Indonesian President Joko Widodo brought home letters of intent from investors interested in the new capital of Nusantara after his trip to Singapore on March 16.

Indonesia will set aside between 27 trillion rupiah and 30 trillion rupiah (1.88-2 billion USD) next year for the development of the country's new capital city, Finance Minister Sri Mulyani Indrawati said.