Indonesia’s Finance Minister Suahasil Nazara has announced the assignment of key fiscal responsibilities to three deputy finance ministers, aiming to enhance focus and coordination in managing the country’s financial affairs. The appointments, formalized through Presidential Decree No. 104P of 2026, outline distinct areas of oversight for each deputy while maintaining collaborative oversight of the nation’s fiscal management and state budget.
Juda Agung has been assigned to oversee the financial sector, international affairs, and financing. Nurkholisoh Ibnu Aman will be responsible for state revenue, which includes taxes, customs and excise duties, and non-tax revenue. Luky Alfirman will manage state expenditure, treasury operations, and transfers to regional governments. Despite these delineations, all deputies will continue to work together on broader ministry management, organizational matters, human resources, and budget planning.
Nazara emphasized that the division of responsibilities is aimed at improving focus and coordination rather than isolating the deputies to individual areas. This move is part of a broader strategy to bolster fiscal administration as Indonesia navigates challenges in revenue collection, public spending, and regional funding.
The reorganization comes at a time when Indonesia’s state revenue has shown significant growth. Nazara reported that by the end of September 2026, the state revenue reached approximately 2,341.5 trillion rupiah, marking a 25.5% increase compared to the same period the previous year. This figure represents 74.2% of the government’s revenue target for the year, underscoring the effectiveness of current fiscal policies and suggesting room for further improvement.
Both Alfirman and Nurkholisoh bring considerable experience to their roles. Alfirman is a senior official within the Finance Ministry, while Nurkholisoh has a background as an economist and researcher at Bank Indonesia. Their expertise is expected to contribute significantly to the objectives set by the Finance Minister.
This restructuring is seen as a strategic step in enhancing Indonesia’s fiscal management capabilities, particularly as the country continues to face the complexities of managing its growing economy and ensuring effective fiscal policies are in place.
