Indonesian President Prabowo Replaces Finance Minister Purbaya with Suahasil Nazara

Indonesian President Prabowo Subianto has replaced Finance Minister Purbaya Yudhi Sadewa with Deputy Finance Minister Suahasil Nazara in a cabinet reshuffle following economic growth falling short of targets.

Key points

• The swearing-in ceremony took place at the Presidential Palace in Central Jakarta on September 14, 2026.
• Purbaya's departure follows months of speculation regarding fiscal policy and economic growth remaining around 5 percent during his year in office.
• Suahasil Nazara stated that President Prabowo instructed him to safeguard the health and credibility of state finances.

Why it matters

This cabinet reshuffle highlights Indonesia's ongoing efforts to stabilize fiscal policy and address economic growth targets under President Prabowo Subianto's administration.