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Jakarta Post

Sri Mulyani named 'Finance Minister of the Year' in East Asia Pacific

  • News Desk

    The Jakarta Post

Jakarta   /   Wed, October 14, 2020   /   08:19 am
Sri Mulyani named 'Finance Minister of the Year' in East Asia Pacific Finance Minister Sri Mulyani Indrawati speaks during a hearing with House of Representatives Commission XI in Jakarta on June 29. (Antara/Aditya Pradana Putra)

Finance Minister Sri Mulyani Indrawati has once again been named the Finance Minister of the Year for East Asia Pacific by Global Markets magazine for her accomplishments throughout the ongoing coronavirus pandemic.

The minister previously received the honor in 2018.

“This title is [a tribute] to the hard work and dedication of the entire Finance Ministry in navigating the COVID-19 pandemic in Indonesia,” Sri said in a statement on Monday as quoted by kompas.com.

Read also: ‘Prioritized’: Indonesia to establish $5b sovereign wealth fund to support economy

She went on to say that such a distinction was expected to boost the government’s confidence in keeping the country’s finances in check.

Global Markets noted that the minister’s decision to provide fiscal stimulus packages – in the form of social security, tax incentives and subsidies for businesses bearing the brunt of the pandemic – was worthy of recognition.

Furthermore, the publication also praised Sri’s decision to widen the state budget deficit, which passed 3 percent of GDP in August after the government relaxed the legal limit through Law No. 2/2020 to help fund the fight against the pandemic. (rfa)