[REVISION HISTORY]

Suahasil Nazara appointment as Indonesia Finance Minister

Updated 5 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-15 05:54 UTC → 2026-09-15 08:19 UTC · added ~~removed~~

President Prabowo Subianto has officially appointed Suahasil Nazara as Indonesia’s new Minister of Finance, replacing Purbaya Yudhi Sadewa. The appointment, formalized via Presidential Decree Number 97/P of 2026, ~~follows Purbaya’s dismissal after approximately one year in office.~~ covers the remainder of the 2024–2029 term. Nazara, who has served as Deputy Minister of Finance since 2019 and previously headed the Fiscal Policy Agency, ~~has~~ is the third finance minister under the Prabowo administration, following Sri Mulyani Indrawati and Purbaya Yudhi Sadewa. Following his inauguration on September 14, 2026, Nazara pledged to prioritize the health and credibility of the state budget (APBN). He emphasized that the budget must remain a reliable instrument to support government priority national programs and drive economic growth, while committing to keep the budget deficit below the 3 percent target. During the handover ceremony, Purbaya provided Nazara with an iPad containing essential performance reports and ministry tasks. The transition has drawn immediate market attention. Following the announcement, the Indonesia Composite Index (IHSG) experienced initial volatility, opening slightly lower as investors monitored potential shifts in fiscal policy. While major banking stocks showed resilience, ~~economists~~ analysts and members of Commission XI of the DPR RI have ~~identified immediate challenges~~ expressed support for the ~~new minister, specifically the management of the Excess Budget Balance (SAL) and ensuring fiscal policy predictability to maintain investor confidence.~~ appointment, noting Nazara’s extensive experience. Looking forward, Danantara CEO Rosan Roeslani indicated plans to coordinate with Nazara regarding a planned Rp120 trillion dividend deposit from Danantara to the state treasury for 2026. This coordination is seen as vital for balancing ambitious 6 percent growth targets against limited fiscal ~~space.~~ space and managing the Excess Budget Balance (SAL).

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