#Finance Minister
Reduced transfers to regions raise concerns over fiscal autonomy
The government decision to reduce the amount of the Transfer to Regions (TKD) by more than US$13 billion for 2026, from US$61 billion (Rp919 trillion) in 2025 to US$47 billion has sparked concerns regarding its impact on regional autonomy and fiscal decentralization as it could undermine local governments’ ability to manage their own budgets effectively.
Purbaya faces high stakes as new finance minister
Purbaya Yudhi Sadewa, the newly appointed Finance Minister, has set an ambitious target of achieving 8 percent economic growth, a bold statement that contrasts sharply with his predecessor Sri Mulyani Indrawati’s more cautious approach.