TEMPO.CO, Jakarta - Indonesian State Secretary Minister Prasetyo Hadi stated that there will be no reshuffle in President Prabowo Subianto's Red and White Cabinet. He denied rumors that Muhammad Chatib Basri would replace Purbaya Yudhi Sadewa as Finance Minister.
"There are no plans to replace the Finance Minister. We have stated this many times that there are no plans for a reshuffle," he said at the House of Representatives complex in Jakarta on Monday, June 8, 2026.
Recently, news of a change in finance ministers has become a topic of public discussion, along with the weakening rupiah exchange rate. Chatib Basri, an economist and former Finance Minister, is one of the names that have surfaced.
Prasetyo asked the public not to speculate or link the reshuffle issue to the names of certain figures. The president, he said, would definitely inform the public about the cabinet reshuffle.
"It's not just one ministry. If the president feels there needs to be a refresh or change, he will announce it in due course," said the Gerindra Party politician.
He stated that the current situation in Indonesia requires close, intensive coordination among the Finance Ministry, Bank Indonesia, and the Financial Services Authority (OJK). Furthermore, the Coordinating Ministry for the Economy and its subordinate ministers are also deemed to require more intensive coordination.
Anastasya Lavenia contributed to the writing of this article
Read: What Purbaya Said About Rumors of His Resignation as Finance Minister
Click here to get the latest news updates from Tempo on Google News
Muhamad Chatib Basri: Criticism Saves Development
25 Mei 2024
Economist Muhamad Chatib Basri explains the challenges facing the Indonesian economy.
Finance Minister M. Chatib Basri: Subsidies are for the poor
19 Oktober 2018
Just a month into his job as finance minister he had dared to raise the price of
subsidized fuel.
Chatib Basri: Rupiah will Depreciate Futher
15 Januari 2015
The former finance minister says the rate may plunge to below
Rp13,000 per US dollar in the first half of the year.
Minister Urges Local Investors to Buy Bonds
2 Oktober 2014
In a bid to minimize the high share of foreign ownership, Chatib
Basri encourages domestic investors to buy the Indonesian Retail
Bonds (ORI).
Govt to Prepare Comprehensive Book on State Assets Management
27 September 2014
The government is documenting a comprehensive book on the
management of state property, so that the ownership of assets can
be recorded properly.
Chatib: Rupiah will Weaken Further
16 September 2014
Expectations that The Fed will end its QE3 program in its
meeting this week is correcting other global currencies
including the rupiah.
Ministers Calls Finance Industry to Brace for Fed Rate
29 Agustus 2014
Finance Minister Chatib Basri asks the financial industry to
prepare for The Fed's monetary policy normalization planned for
next year.
Finance Minister to Review Tax Holiday
29 Juli 2014
Finance Minister Chatib Basri says he will review the rules on
tax holidays, citing many companies are not interested in the
facility.
New Govt to Consider Adequate Fiscal Requirement
26 Juli 2014
Finance Minister Chatib Basri said that the new government
should contemplate adequate fiscal requirement to support
economic growth.
Govt Spending Increases due to Subsidy
21 Juni 2014
Government spending has continued to increase despite the policy
of slashing it due to a rise in energy subsidy.
:strip_icc():format(jpeg):watermark(kly-media-production/assets/images/watermarks/bola/watermark-color-landscape-new.png,1125,20,0)/kly-media-production/medias/5495647/original/074499000_1770385031-barba.jpeg)
