Indonesia’s president replaces finance minister with deputy, official says
Finance Minister Purbaya Yudhi Sadewa was appointed just over a year ago on Sep 8, 2025, replacing longtime finance minister Sri Mulyani Indrawati, who served under three presidents.
Indonesia’s Finance Minister Purbaya Yudhi Sadewa gestures as he speaks during an interview with Reuters in Jakarta. (Photo: Reuters/Willy Kurniawan)
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
JAKARTA: Indonesia’s President Prabowo Subianto has sacked Finance Minister Purbaya Yudhi Sadewa and appointed his deputy as his replacement, the president’s office said on Monday (Sep 14).
Deputy Finance Minister Suahasil Nazara was among the senior officials who arrived at the state palace for a swearing-in ceremony. Suahasil Nazara had been deputy finance minister since 2019.
Earlier on Monday, Purbaya had left in the middle of a parliamentary hearing.
Purbaya was appointed just over a year ago on Sep 8, 2025, replacing longtime finance minister Sri Mulyani Indrawati, who served under three presidents.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Previously a low-profile technocrat best known for leading a deposit insurance agency, Purbaya quickly became one of the more recognisable faces in government with what observers said was his brash and unfiltered style.
In April, Purbaya had floated the idea of imposing a levy on ships passing through the Malacca Strait, as part of a push to maximise the country’s strategic position along global trade and energy routes.
A day later, Indonesia’s foreign minister Sugiono said the country would not do so as this would not be consistent with international law.
In recent months, Purbaya has had to deny speculation that he was resigning from office amid news of lacklustre markets.
He told Bloomberg Technoz the rumour was not true in June, and State Secretary Prasetyo Hadi also said on the same day Purbaya was not departing.
“If anything, now is the time for tighter coordination” between the Finance Ministry, Bank Indonesia, Financial Services Authority and Coordinating Ministry for Economic Affairs, Hadi said.
Indonesia’s new finance minister Suahazil said on Monday that Prabowo has instructed him to safeguard the health and credibility of state finances.
He was told to get ready to serve as new finance minister just Monday morning, he said in he statement after his inauguration ceremony.
Prabowo has made several cabinet changes since taking office almost two years ago. Among the most recent was the appointment in July of Sudaryono as head of the National Nutrition Agency, which oversees the president’s flagship free meals programme.
Source: Reuters/ia(cc)
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
