If anyone says I lack fiscal experience, they’re clearly mistaken,Jakarta (ANTARA) - Indonesia’s new Finance Minister Purbaya Yudhi Sadewa said Monday he will maintain and improve existing fiscal policies rather than overhaul those set by his predecessor, Sri Mulyani Indrawati.
“We’ll enhance what’s already in place. New leaders often change everything to leave their mark. I won’t do that,” he said during a press conference at the Finance Ministry in Jakarta.
He emphasized that his priority is to accelerate programs already in motion rather than launch unnecessary new ones. Confident in his fiscal background, Purbaya said he expects a smooth transition into the role.
During the COVID-19 crisis in 2020 and 2021, he advised President Joko Widodo on fiscal strategy, contributing to broader financial management beyond budgeting. He also served under former President Susilo Bambang Yudhoyono during the 2008 financial crisis and was later appointed Deputy III for Strategic Issues Management in Widodo’s Presidential Staff Office.
“If anyone says I lack fiscal experience, they’re clearly mistaken,” he said.
Purbaya pledged to ensure fiscal policy supports economic growth while keeping the nation’s finances healthy. He criticized sluggish government spending in recent quarters, warning of its negative impact on the economy.
“I know what responsible fiscal management looks like. I’m a fiscal expert,” he said.
President Prabowo Subianto appointed Purbaya on Monday during a Cabinet reshuffle at the State Palace in Jakarta. He replaces Sri Mulyani, who held the position for nearly 10 years. The reshuffle was made official through Presidential Decree No. 86P/2025 on the 2024–2029 Red and White Cabinet.
Economist Piter Abdullah said Purbaya has the qualifications but must deliver bold and effective policies to prove himself.
“That’s what he must show — stronger policy breakthroughs,” Abdullah said in a phone interview.
He noted that the cabinet reshuffle came amid public pressure following recent mass protests. Indonesia’s stock index fell 1.28 percent to 7,766.84 after the announcement, which Abdullah described as a temporary reaction.
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Translator: I.Silfia, Rahmad Nasution
Editor: M Razi Rahman
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