Indonesia disburses Rp333.6 billion in sukuk funds for Bali projects

Denpasar, Bali (ANTARA) - The Ministry of Finance has disbursed Rp333.6 billion (US$18 million) through May 2026 to finance several government projects in Bali using proceeds from Government Sharia Securities (SBSN).

"One of the beneficiaries is Udayana University, as well as road infrastructure projects and projects for the Indonesian Defense Forces (TNI) and the National Police," Head of the Bali Provincial Office of the Directorate General of Treasury (DJPb) Supendi said here on Sunday.

He said eight institutions received development funding through the SBSN scheme.

They include Udayana University, which received Rp100 billion (US$5.4 million) for the procurement of office and laboratory equipment, as well as the construction of a laboratory building. Another Rp105 billion (US$5.6 million) was allocated for the construction and rehabilitation of the Singaraja-Mengwitani national road in Bali.

Meanwhile, the Gianyar Police Department received Rp4.26 billion (US$230,000) for furniture procurement and the construction of a police service center at the police station.

The Bali Regional Police Mobile Brigade Unit was allocated Rp20.37 billion (US$1.1 million) to build residential flats for its personnel.

Another Rp29 billion (US$1.5 million) was allocated for equipment procurement and the construction of housing for the 834th Infantry Battalion in Nagekeo, East Nusa Tenggara (NTT).

The Bali Police School also received Rp5.71 billion (US$309,000) for furniture procurement and the construction of student accommodation.

Another recipient was Ganesha University of Education (Undiksha) in Singaraja, which received Rp59.59 billion (US$3.2 million) for the procurement of educational equipment and the construction of a laboratory building.

Meanwhile, the Bali Provincial Office of the Ministry of Religious Affairs received Rp9.64 billion (US$522,000) for furniture and equipment procurement, as well as the construction of the Sukasada Religious Affairs Office.

The central government realized state spending of Rp8.68 trillion (US$470 million) in Bali during the January-May 2026 period, equivalent to 41.84 percent of the allocated budget ceiling of Rp20.7 trillion (US$1.1 billion).

SBSN, also known as Sovereign Sukuk, are government securities issued in accordance with Sharia principles. They represent ownership interests in underlying SBSN assets and may be denominated in either Indonesian rupiah or foreign currencies.

Related news: Gov't issues sharia bonds worth US$175 mln through private placement

Translator: Dewa Ketut S W, Resinta Sulistiyandari

Editor: M Razi Rahman

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