Who Will Serve as Indonesia’s Next Finance Minister?

Quick Summary:

Here are the three main contenders to take the post when President-elect Prabowo Subianto takes office in October.

Currently serving as the minister of health, Budi is renowned for his role in  acquiring Freeport-McMoRan’s shares in its copper and gold mines in Papua in 2018, using global bonds instead of the state budget, a move that pleased Jokowi.

The Ministry of Finance’s power and independence will remain intact – Prabowo will not risk undermining these during a period of rocky global politics and low economic growth – but we will likely see a less conservative figure than at any point since the Asian Financial Crisis.

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Article Details

Author / Journalist: Ahmad Syarif

Category: Economy

Markets: United StatesBangladeshChinaHong KongIndiaIndonesiaIsraelNorth KoreaPakistanPhilippinesUkraine

Topics: Programs Mulyani Budget Ministry Finance Economic Percent Prabowo Prabowo’s Minister Indonesia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 14:53:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2558 words

Reading Time: 15 minutes read

Sentences: 125 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 21654566

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