Indonesian president names Suahasil Nazara as new finance minister, official says
The reshuffle is Prabowo Subianto’s fifth since taking office, as growth stayed near 5% and fell short of his 8% target, officials said.
- On Sept 14, Indonesian President Prabowo Subianto replaced Finance Minister Purbaya Yudhi Sadewa with Deputy Finance Minister Suahasil Nazara at the Presidential Palace in Central Jakarta.
- Investor concerns over fiscal policy and controversy preceded the change, as economic growth stalled at around 5 per cent, falling short of Prabowo's 8 per cent target.
- Suahasil Nazara, a veteran bureaucrat and former head of the Finance Ministry's Fiscal Policy Agency, recited the oath of office, vowing loyalty to the 1945 Constitution of the Republic of Indonesia.
- Replacing the finance minister marks Prabowo's fifth Cabinet reshuffle since taking office in October 2024, following July's appointment of Sudaryono as head of the National Nutrition Agency.
- Earlier on Monday, Purbaya left a parliamentary hearing as the transition took effect, with Suahasil assuming the portfolio after serving as deputy finance minister under Sri Mulyani Indrawati.
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53 Articles
Changing the finance minister is easier than making Indonesia investable
Indonesian President Prabowo Subianto has replaced Finance Minister Purbaya Yudhi Sadewa with Suahasil Nazara. It’s easy to change a minister, but harder to prove that the change will deliver what investors actually want. Indonesia enters this transition with Moody’s and Fitch ratings agencies maintaining their investment-grade sovereign ratings while shifting their outlooks to “Negative.” MSCI, […]
(Jakarta=Yonhap News) Correspondent Son Hyun-kyu = In Indonesia, where the currency value plummeted at one point this year and the stock market even crashed, the Minister of Finance, who oversees fiscal policy...
نُشر هذا المقال أولاً عبر Cedarnews.net. Words موقعنا. Jakarta (ANTARA) - The change of Minister of Finance became the main focus of national politics on Monday (14/9). Home page Cedarnews page الإخباري. The message موقعنا الرسمي.
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