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View all search resultsGrowing concern about debt levels in developed economies could see some bond investors look to emerging market issuances as an alternative, but in Indonesia, they will want answers about the new finance minister and the burden-sharing scheme with Bank Indonesia (BI).
Demonstrations that were sparked by low wages, unemployment and anger over lawmakers' lavish perks grew after footage spread of a paramilitary police vehicle running over a delivery motorcycle driver.
Finance Minister Sri Mulyani Indrawati was chairing a meeting with top ministry officials when she received a call from President Prabowo Subianto's office informing her she would be replaced within an hour, two sources said, underscoring the abruptness of the longtime finance czar's sacking.
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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