New Indonesian finance chief pledges policy continuity and fiscal stability

Nazara assumed the finance minister portfolio in a ceremony at the State Palace in Jakarta, following his appointment by President Prabowo Subianto. He described the change as a seamless extension of the policies he helped implement as deputy minister, promising no major departures. The new minister highlighted the need to protect the health and credibility of the State Budget, known as the APBN, to support priority programs and sustain economic growth.

He also said the ministry will continue efforts to improve fiscal management and maintain stability. Regarding market sentiment, Nazara remarked that investors will assess the situation independently, while the ministry remains committed to fiscal prudence.