The decision by Finance Minister Purbaya Yudhi Sadewa to remove two\ndirector generals is seen as having multilayered impacts on market\nperceptions and the direction of fiscal policy.<\/p>\n
Senior analyst at the Institute for Development of Economics and\nFinance (ISEAI), Ronny P. Sasmita, views this step as not standing\nalone. He sees a broader policy context behind the decision.<\/p>\n
\u201cFrom the perspective of fiscal governance, the removal of two\ndirector generals by the Finance Minister is almost certainly not a\nstandalone or personal decision. This step usually reflects tensions at\nthe policy implementation level, whether due to unmet targets,\ndifferences in approach to maintaining fiscal stability, or even a\nsignal that the Finance Minister wants to carry out \u2018policy\nrecalibration\u2019 amid increasingly complex economic pressures,\u201d Ronny told\nKompas.com on Thursday (23\/4\/2026).<\/p>\n
\u201cSo, changes at that level usually relate to the need for\nacceleration or correction of direction,\u201d said Ronny.<\/p>\n
He outlined three possible factors behind the decision. The first\nfactor relates to performance. Unmet targets for revenue, expenditure,\nor financing could be a trigger.<\/p>\n
The second factor concerns policy consolidation. The government needs\nto ensure all lines align with the fiscal strategy.<\/p>\n
The third factor relates to risk management. Global volatility\ndemands high discipline to maintain fiscal credibility.<\/p>\n
Ronny assesses that the impact of this decision will be seen in two\ntime horizons. Short-term impacts will emerge in market perceptions.\nMedium- to long-term impacts will depend on the direction of subsequent\npolicies.<\/p>\n
\u201cSo, this is not just about changing officials, but about whether the\nMinistry of Finance is strengthening its fiscal foundations or facing\ndeeper internal pressures,\u201d he said.<\/p>\n
Previously, Purbaya removed the Director General of Economic and\nFiscal Strategy, Febrio Nathan Kacaribu, and the Director General of\nBudget, Luky Alfirman. Their positions are now filled by acting\nofficials.<\/p>\n
The appointment of acting officials has been in effect since Tuesday\nafternoon (21\/4\/2026). This step was taken to keep the organisational\nwheels turning while awaiting permanent officials.<\/p>\n
\u201cYes. They\u2019ve been given Plh (Acting Officials) now,\u201d Purbaya said\nwhen confirmed at the Coordinating Ministry for Economic Affairs office\nin Jakarta on Wednesday (22\/4\/2026).<\/p>\n
Purbaya did not explain the reasons for the removals. He did not\nanswer follow-up questions and proceeded directly to his official\nvehicle.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/purbaya-removes-two-directorate-generals-analyst-signals-fiscal-direction-correction-1777013619", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }