Business · Markets · 1 hr ago
Jakarta Plans Rp4.24 Trillion in Regional Bonds for 2027
Jakarta plans to issue Rp4.24 trillion in regional bonds in 2027, Deputy Governor Rano Karno announced.
The plan also includes Rp1.38 trillion in bonds in 2028, bringing the total to about Rp5.62 trillion.
The proposed issuance follows an agreement between Jakarta’s executive and legislative branches.
The provincial government says the bonds could help speed infrastructure projects and improve public services.
The 2027 budget proposal is Rp82.89 trillion, with revenue expected to reach Rp72.62 trillion.
Jakarta presented the draft 2027 budget alongside the bond plan, but no further steps or approval timetable were specified.
Jakarta plans to issue regional bonds worth Rp4,239,353,292,725 in 2027, Deputy Governor Rano Karno said.
The planned issuance for 2028 is Rp1,382,070,000,000, bringing the two-year total to Rp5,621,423,292,725.
Rano announced the plan at a plenary meeting of the Jakarta Regional People's Representative Council on October 13, 2026.
The provincial government says municipal bonds could provide an alternative source of funding for infrastructure and public services.
- Who
- Jakarta Deputy Governor Rano Karno announced the plan.
- What
- Jakarta plans to issue regional bonds worth Rp4,239,353,292,725 in 2027.
- When
- The plan was announced on October 13, 2026. The planned issuance is for 2027.
- Where
- At the Jakarta Regional People's Representative Council building in Jakarta.
- Why
- The provincial government says municipal bonds could provide alternative funding to accelerate infrastructure development and improve public services.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- 2027 planned issuance
- Rp4,239,353,292,725
- 2028 planned issuance
- Rp1,382,070,000,000
- Two-year planned total
- Rp5,621,423,292,725
- Announcement date
- October 13, 2026
- Announcement venue
- Jakarta Regional People's Representative Council building
What people are saying
Thus, the total planned regional bond issuance reaches Rp5,621,423,292,725
This regional revenue is expected to come from local original revenue of Rp58.58 trillion, transfer revenue of Rp11.6 trillion, and other legitimate regional revenue of Rp2.88 trillion
Sources
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