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View all search resultsNew finance minister signals budget continuity
Entering office just weeks before the 2026 state budget is to be passed into law, newly appointed Finance Minister Purbaya Yudhi Sadewa vows to make no major changes to the draft and to maintain fiscal discipline. He also said he would learn the ins and outs of his new post from his well-regarded predecessor, Sri Mulyani Indrawati.
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Newly appointed Finance Minister Purbaya Yudhi Sadewa waves to journalists following his inauguration at the Presidential Palace in Jakarta, Indonesia, September 8, 2025. (Reuters/Willy Kurniawan)
E
ntering office just weeks before the 2026 state budget is to be passed into law, newly appointed Finance Minister Purbaya Yudhi Sadewa has vowed to make no major changes to the draft and to maintain fiscal discipline.
Addressing the press following a meeting with President Prabowo Subianto at the State Palace on Tuesday, the minister said the meeting had concluded with an agreement to expedite government programs to make the economy “grow faster”.
In response to a reporter’s question, Purbaya suggested that there were plans for new economic stimulus and that “the existing policies seem not to have been implemented very smoothly”.
He also said the government was going to maintain the budget deficit below 3 percent of gross domestic product, in accordance with state finance law.
Purbaya has repeatedly expressed his intention to learn the ins and outs of his new post from his well-regarded predecessor, Sri Mulyani Indrawati.
“We will [communicate] first with Bu Sri Mulyani, I will study her guidance to fix the weaknesses here. There must be weaknesses, and that knowledge is very useful for me,” he said in a press conference shortly after his inauguration on Monday.
Similarly, he said after his handover ceremony on Tuesday that, “I’m new here, I will certainly try as best as I can, I will also ask for Bu Sri Mulyani’s guidance, so our fiscal policy is good and the economy overall can grow better”.
