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View all search resultsSetting up a national council for financial health, as the President has announced, is the first step in improving financial well-being for all Indonesians, whose experiences will also inform efforts toward ensuring financial health as a global challenge.
The Japanese government will issue around 11 trillion yen (US$70 billion) in additional bonds to help fund an economic package, even as its tax revenue for this fiscal year is expected to rise to a record high.
The new finance minister has become an inadvertent disrupter of a decade-long loyalty entrenched in the bureaucracy through his policies, grounded in economic rational, creating both hope among the public and a test for the President.
President Prabowo Subianto appears to have found in Finance Minister Purbaya Yudhi Sadewa a trusted figure capable of managing Indonesia's state finances with both discipline and political loyalty. In just a few months on the job, Purbaya has shown a willingness to take on elite power brokers, both within the government and from circles close to former president Joko "Jokowi" Widodo, without losing sight of President Prabowo's populist agenda.
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