Issuance of SBSN for East Kalimantan Province Project Reaches USD 450.32 Million

On the 5th of December 2022, Indonesia’s Minister of Finance, Sri Mulyani Indrawati, revealed in a press conference in Balikpapan (East Kalimantan), that the State Shariah Securities (SBSN) issued to finance various projects in East Kalimantan Province has reached a value of IDR 6.48 trillion (USD 450.32 million) from 2014 to 2022.

Why it Matters?

The projects financed by the SBSN provide the infrastructure to support the establishment of Indonesia’s new capital city to be located in Kalimantan, securing Indonesia’s public assets. Projects include the construction of campuses, Islamic primary schools (madrasah), complexes for police and military (TNI) soldiers, and infrastructure projects related to airports. While an estimated 15.13% o...