JAKARTA - Indonesia's Mr Prabowo Subianto is setting his sights on former bankers for the role of finance minister, as he seeks technocrats who can secure funding for his campaign promises while upholding fiscal prudence.
Mr Prabowo, who declared victory in the recent presidential election, is considering Health Minister Budi Gunadi Sadikin, Deputy Minister of State-owned Enterprises Kartika Wirjoatmodjo, financial regulator chairman Mahendra Siregar and Bank Negara Indonesia president director Royke Tumilaar as potential contenders, according to people familiar with the matter.
They are seen as most suitable for the role because of their financial expertise and effective leadership, said the people, who asked not to be named because the discussions are private.
Mr Prabowo will not involve the finance minister position in any political bargaining as he sees the post as above politics and requiring acumen in managing the budget, they added.
The new finance minister would take over from Dr Sri Mulyani Indrawati, the only woman to be appointed to the role since Indonesia's independence in 1945.
She steered the economy through the turmoil caused by the Covid-19 pandemic, embarking on an unprecedented debt monetisation programme to fund stimulus spending and then reining the budget deficit back within the legal limit a year earlier than promised.
Whoever ends up in the role would have a massive responsibility in helping Mr Prabowo steer South-east Asia's largest economy amid geopolitical risks and supply chain disruptions arising from the United States-China rivalry.
هذه القصة مأخوذة من طبعة March 01, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة March 01, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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