Indonesia's Prabowo Ousts Finance Minister, Elevates Deputy
Indonesia's Prabowo Ousts Finance Minister, Elevates Deputy
The News
Indonesian President Prabowo Subianto has sacked Finance Minister Purbaya Yudhi Sadewa and promoted Deputy Finance Minister Suahasil Nazara to the job, the president's office said Monday.
Reuters reported the change citing an official in the president's office. Bloomberg reported that the removal of Purbaya is the latest move in Prabowo's continuing cabinet shakeup, coming after what it described as a rocky year for the finance chief.
Indonesia is Southeast Asia's largest economy and a G20 member, and its finance ministry sets the budget and debt policy that foreign investors watch closely.
Timeline
Bloomberg reports that Prabowo has removed Finance Minister Purbaya Yudhi Sadewa in his latest cabinet shakeup.
Reuters reports the president has named Suahasil Nazara, the deputy finance minister, as the new finance minister, according to an official.
Reuters reports the president's office confirmed the finance minister was sacked and the deputy elevated in his place.
Reactions
The announcement came from Prabowo's own office, relayed by an official who spoke to Reuters. No public statement from Purbaya or from Nazara had been reported at the time of publication.
Bloomberg framed the ouster as the end of a difficult stretch for Purbaya, calling it a removal after a "rocky year."
What's Next
Nazara steps into the ministry he already helped run as deputy, which points to continuity on the budget rather than a reset.
Watch for the rupiah and Jakarta-listed stocks to price in the change, and for the president's office to confirm the rest of any wider reshuffle.
More
Prabowo took office in 2024 and has repeatedly reshuffled his cabinet. The Frank is reporting only what the president's office and the wire services have confirmed; the reasons for Purbaya's removal have not been officially stated.
Poll
Does a sudden finance-minister swap in a G20 economy matter to American investors?
Report: Fentanyl-Laced Pill Killed Hayden Panettiere
Fed Set to Hike Rates, First Since 2023
Sep 14, 2026
Germany Charges Berlin Executive With Spying for Russia
Sep 14, 2026
Olympians Blast Sweeney's Nude Betting Ad
Sep 14, 2026
SoftBank Plunges as AI Bosses Urge Slowdown
Sep 14, 2026
Trump Unveils Gold Ballroom Renderings, Calls WH 'Dump'
Sep 14, 2026
Houthis Seize More Red Sea Islands
Sep 14, 2026
Crypto Billionaires Hand Farage's Reform £72 Million
Sep 14, 2026
Reform Council Deploys Guards Near UK Asylum Site
Sep 14, 2026
Swedish Left Bloc Edges Ahead of Kristersson
Sep 14, 2026
129 Missing After Indonesian Ferry Capsizes
Sep 14, 2026
Second Judge Freezes Trump Mail Ballot Order
Sep 14, 2026
Russians Flee Again, Fearing a New Mobilization
Sep 14, 2026
Carney Courts Investors as Trump Pulls Capital South
Sep 14, 2026
Iran's Nuclear Chief Barred From Vienna Conference
Sep 14, 2026
EPA Set to Scrap Power Plant Carbon Limits
Sep 14, 2026
60 Minutes Returns Without Pelley Under Bari Weiss
Sep 14, 2026
Amazon Pauses 21 Air After Fatal Miami Crash
Sep 14, 2026
Trump Backs Flock Plate Cameras Despite Privacy Fears
Sep 14, 2026
Muslim Philippine Region Votes in First Parliament Election
Sep 14, 2026
Sep 14, 2026