Rp2,000 Trillion in Unrealised Investment Discovered from Jokowi Era, Says Investment Ministry
The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has revealed a striking finding regarding the scale of unrealised investment during President Joko Widodo's administration.
Deputy Minister of Investment and Downstreaming Todotua Pasaribu stated that unrealised investment up to 2024 reached Rp2,000 trillion.
"We found that in 2024, the unrealised investment figure was around Rp1,500 trillion, possibly reaching Rp2,000 trillion," said Todotua during his address at the public consultation on the Draft Investment and Downstreaming Regulation on Thursday (3 July 2025).
According to him, several key factors contributed to the high figure, ranging from complicated licensing processes and an unconducive investment climate to overlapping policies across various sectors.
"Because of issues like these: licensing, an unconducive investment climate, various overlapping policies, and so on. This certainly must serve as a note and reflection for all of us," he said.
Todotua affirmed that the Ministry of Investment under the leadership of Rosan Roeslani is strongly committed to reforming the bureaucracy and licensing system that have long been the primary obstacles to investment.
"And in particular, the President has always been firm in speaking about reforming the bureaucracy," he stressed.
In this context, the government is currently revising Government Regulation (PP) Number 28 of 2021 on the Implementation of Risk-Based Business Licensing. The revision is expected to represent a breakthrough in accelerating, simplifying, and providing legal certainty for business operators.
"In this forthcoming revision, we hope this will also serve as a breakthrough step in our efforts to accelerate, simplify, and provide certainty regarding business licensing," he added.
Deputy Minister of Investment and Downstreaming Todotua Pasaribu stated that unrealised investment up to 2024 reached Rp2,000 trillion.
"We found that in 2024, the unrealised investment figure was around Rp1,500 trillion, possibly reaching Rp2,000 trillion," said Todotua during his address at the public consultation on the Draft Investment and Downstreaming Regulation on Thursday (3 July 2025).
According to him, several key factors contributed to the high figure, ranging from complicated licensing processes and an unconducive investment climate to overlapping policies across various sectors.
"Because of issues like these: licensing, an unconducive investment climate, various overlapping policies, and so on. This certainly must serve as a note and reflection for all of us," he said.
Todotua affirmed that the Ministry of Investment under the leadership of Rosan Roeslani is strongly committed to reforming the bureaucracy and licensing system that have long been the primary obstacles to investment.
"And in particular, the President has always been firm in speaking about reforming the bureaucracy," he stressed.
In this context, the government is currently revising Government Regulation (PP) Number 28 of 2021 on the Implementation of Risk-Based Business Licensing. The revision is expected to represent a breakthrough in accelerating, simplifying, and providing legal certainty for business operators.
"In this forthcoming revision, we hope this will also serve as a breakthrough step in our efforts to accelerate, simplify, and provide certainty regarding business licensing," he added.