Archive: 10 September 2025
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Wed, 10 Sep 2025, 18:56 WIB
Indonesia cabinet reshuffle: Purbaya in, markets on edge
President Prabowo Subianto's cabinet reshuffle of 8 September removed conservative Finance Minister Sri Mulyani Indrawati, replacing her with economist Purbaya Yudhi Sadewa and signalling a shift towards growth-focused fiscal policy. Markets reacted cautiously as investors assessed the implications for macroeconomic management, with Purbaya pledging to maintain Indonesia's 3% GDP budget-deficit ceiling whilst pursuing faster credit growth and an ambitious 8% GDP target.