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Indonesian Finance Minister appointment

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2026-09-18 13:54 UTC → 2026-09-18 14:17 UTC · added ~~removed~~

President Prabowo Subianto has appointed Suahasil Nazara as Indonesia’s new Minister of Finance, succeeding Purbaya Yudhi Sadewa. This appointment was formalized via Presidential Decree Number 97/P of 2026 following a cabinet reshuffle on September 14, 2026. Nazara, a former deputy finance minister who served under both the Joko Widodo and ~~experienced technocrat, assumes~~ Prabowo administrations, officially assumed the role ~~with~~ following a handover ceremony at the Ministry of Finance building. He enters the position with a mandate to maintain the health of the State Budget ~~(APBN) and~~ (APBN), keep the fiscal deficit below 3 ~~percent. The transition occurs as~~ percent, and support the ~~government aims for~~ government’s goal of 8 percent economic growth ~~while managing~~ amidst a weakening rupiah. During his inauguration, President Prabowo emphasized a commitment to anti-corruption, stating he will not provide protection to those close to him, specifically citing the case of Dadan Hindayana and the seizure of assets from the Hotel Sultan. ~~Minister~~ As Nazara ~~has already begun~~ begins addressing administrative ~~priorities, including discussions regarding~~ priorities—including potential reshuffles within the Directorate General of Taxes and ~~Customs to strengthen inter-unit synergy. The Directorate General~~ Customs—the transition coincides with the deliberation of ~~Taxes has been directed to ensure a credible fiscal posture to fund national development. Market analysts~~ the 2027 State Budget (RAPBN). Economic academics and ~~regional leaders continue~~ market observers are monitoring the transition to ~~monitor several challenges, including maintaining APBN credibility, managing regional~~ see if Nazara will maintain the pro-growth trajectory established by his predecessor or implement new fiscal ~~justice~~ approaches. While experts suggest the change may cause short-term market sentiment fluctuations, stability will depend on the government’s ability to provide certainty regarding ~~revenue sharing for resource-rich provinces,~~ fiscal continuity and ~~ensuring that high tax revenue targets do not trigger economic contraction.~~ macroeconomic management.

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