Indrawati says she has been asked to stay as Indonesian finance minister

Jakarta Composite Index rises as news stokes hopes for fiscal discipline

20241015 Sri Mulyani Indrawati

Indonesian Finance Minister Sri Mulyani Indrawati in 2023. The well-respected technocrat says that President-elect Prabowo Subianto has asked her to continue in her role.  © Reuters

ERWIDA MAULIA and ISMI DAMAYANTI, Nikkei staff writers

JAKARTA -- Sri Mulyani Indrawati said she had been asked to stay on as Indonesia's finance minister after a meeting with Prabowo Subianto on Monday night, potentially easing investor worries over the new government's fiscal discipline amid the president-elect's ambitious policy program.

However, the well-respected technocrat did not say whether she had accepted the offer. She had been expected to leave the cabinet over previous disagreements with Prabowo regarding defense procurement to modernize Indonesia's aging military equipment.

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