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Story summary
- President Prabowo Subianto dismissed Finance Minister Purbaya Yudhi Sadewa and appointed Deputy Suahasil Nazara.
- The reshuffle aims to restore investor confidence after fiscal profligacy and a widening deficit.
- Suahasil pledged to keep the deficit below the 3 % of GDP limit.
- Internal ministry conflicts and a September 10 staff reshuffle were cited as reasons for the dismissal.
- Purbaya’s announced 120 trillion rupiah (US$6.8 bn) Danantara transfer was later denied by the fund.