Indonesia’s strong finance ministry leadership to boost investor confidence
S ri Mulyani Indrawati was named Asia’s best finance minister in 2006 by the Emerging Markets Forum for her tax management and state spending capabilities. Indonesia Cabinet Picture Reporting from Jakarta, Malaysian official news agency Bernama said the reappointment of Sri Mulyani Indrawati as head of Indonesia’s finance ministry (MoF) is expected to instil confidence among investors, referring to a statement by PT Maybank Sekuritas Indonesia. In a research note today, the brokerage firm stated that her role under the upcoming administration of President-elect Prabowo Subianto for the 2024-2029 term will ensure fiscal prudence and policy continuity. "There is now less chance that the next government will abolish the legal limit on the budget deficit or significantly increase public debt ratios to finance its priority programmes," it noted. Sri Mulyani is currently serving her second term as finance minister under outgoing President Joko Widodo since 2016, having previousl