{
  "id": 7289219,
  "title": "Indonesia's president sacks finance minister, promotes deputy",
  "url": "https://urgent.news/2026/09/14/indonesias-president-sacks-finance-minister-promotes-deputy-7289219",
  "topic": "world",
  "section": "World",
  "published": "2026-09-14T09:22:53.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1532712/indonesias-president-sacks-finance-minister-promotes-deputy"
  },
  "original_language": "en",
  "account": "Indonesian President Prabowo Subianto has dismissed finance minister Purbaya Yudhi Sadewa and promoted his deputy, Suahasil Nazara, to the position, according to a statement from the president's office on Monday. Suahasil Nazara, who has been the deputy finance minister since 2019, attended the state palace for his swearing-in ceremony, while Purbaya, 61, was seen leaving prior to the parliamentary hearing.\n\nSuahasil Nazara emphasized the need to maintain a credible state budget in his inaugural remarks, promising to uphold fiscal discipline and ensure public communication remains trustworthy. He outlined his commitment to keeping the fiscal deficit below 3 percent of GDP and supporting the government's priority programs through the state budget.\n\nPurbaya's resignation occurred just a few days after his first anniversary in office, as Indonesia's largest economy faced a crisis of investor and analyst confidence. The veteran politician had replaced the long-standing finance minister, Sri Mulyani Indrawati, in September of the previous year, as President Prabowo opted for more growth-oriented policies over fiscal prudence. However, Purbaya's tenure was marred by several economic shocks, including a steep drop in the rupiah and a surge in the fiscal deficit. His policy of providing quick liquidity to banks to stimulate growth also strained relations with the central bank. Two ratings agencies recently downgraded Indonesia's credit outlook from positive to negative, citing policy uncertainty and unfavorable fiscal spending plans, which further dampened investor sentiment in the US$1.4 trillion G20 economy.\n\nThe controversy surrounding Purbaya's dismissal centered on his announcement that the sovereign wealth fund Danantara Indonesia would transfer 120 trillion rupiah (US$6.8 billion) of its profits to the government to aid in meeting this year's fiscal deficit target. The fund's head later denied that such a plan had been discussed.",
  "summary": "JAKARTA: Indonesian President Prabowo Subianto has sacked finance minister Purbaya Yudhi Sadewa and appointed his deputy Suahasil Nazara as his replacement, the president’s office said on Monday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Indonesia's president replaces finance minister with deputy, official says",
        "url": "https://urgent.news/2026/09/14/indonesias-president-replaces-finance-minister-with-deputy-official",
        "published": "2026-09-14T09:07:22.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Indonesia’s president sacks finance minister, promotes deputy",
        "url": "https://urgent.news/2026/09/14/indonesias-president-sacks-finance-minister-promotes-deputy",
        "published": "2026-09-14T09:34:00.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Indonesia's president appoints his third finance minister in under two years",
        "url": "https://urgent.news/2026/09/14/indonesias-president-appoints-his-third-finance-minister-in-under-two",
        "published": "2026-09-14T10:30:50.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}