Prabowo Names Purbaya Yudhi Sadewa as Indonesia’s New Finance Minister
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JAKARTA, Investortrust.id — President Prabowo Subianto has appointed economist Purbaya Yudhi Sadewa as Indonesia’s new Finance Minister in the Merah Putih Cabinet, effective Monday, Sept. 8, 2025. Purbaya replaces Sri Mulyani Indrawati, who served in the position from 2024 to 2025.
Purbaya, 58, brings decades of experience in both government and the private sector. He earned a degree in electrical engineering from Bandung Institute of Technology before pursuing graduate studies at Purdue University in Indiana, United States, where he obtained a Master of Science and a doctorate in economics.
Prior to his appointment, Purbaya served as Chairman of the Board of Commissioners of the Indonesia Deposit Insurance Corporation (LPS) from 2020 to 2025. He previously held a series of senior roles in government, including Deputy for Maritime Sovereignty and Energy Coordination at the Coordinating Ministry for Maritime Affairs and Investment from May 2018 to September 2020, and special adviser on economic affairs at several coordinating ministries between 2010 and 2018. He also served briefly as Deputy III for Strategic Issues at the Executive Office of the President in 2015.
Purbaya’s experience in policy making has been complemented by his long engagement with business and research. He served as Chief Economist at Danareksa Research Institute from 2000 to 2013, President Director of Danareksa Securities from 2006 to 2008, and later as a member of the board of directors of PT Danareksa (Persero) until 2015. Earlier in his career, he worked as a field engineer for Schlumberger Overseas SA.
He has also held advisory roles outside government, including as a member of the National Economic Committee from 2010 to 2014, Vice Chairman of the special task force on regulatory bottlenecks known as “Pokja IV,” and a member of the advisory board of the Indonesian Chamber of Commerce and Industry (Kadin) since 2016.
President Prabowo, who inaugurated his new cabinet on Monday, emphasized that the appointment of Purbaya reflects his administration’s commitment to strengthening fiscal management and sustaining household consumption, which contributes more than half of national economic growth.
Purbaya is expected to play a pivotal role in steering Indonesia’s fiscal policy as the government seeks to balance ambitious development spending with fiscal discipline. His appointment also signals continuity in efforts to deepen financial stability, broaden the tax base, and strengthen Indonesia’s position as a major player in the regional digital and green economy.
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