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.
26 Articles
26 Articles
Indonesia’s Prabowo replaces finance minister with deputy
Indonesia’s President Prabowo Subianto has sacked the finance minister and appointed the deputy finance minister as his replacement, the president’s office said on Monday. Deputy Finance Minister Suahasil Nazara was among the senior officials who arrived at the state palace for a swearing-in ceremony. Earlier on Monday, Finance Minister Purbaya Yudhi Sadewa had left in the middle of a parliamentary hearing. Suahasil Nazara had been deputy…
Prabowo Appoints New Finance Minister
Indonesian President Prabowo Subianto has appointed Suahasil Nazara as the new finance minister. This appointment follows the replacement of Purbaya Yudhi Sadewa, as announced during a ceremony on Monday. The decision marks a significant change in Indonesia's financial leadership under Prabowo's administration.
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