Finance Minister Purbaya dismisses resignation rumors

Jakarta (ANTARA) - Finance Minister Purbaya Yudhi Sadewa has firmly dismissed circulating rumors of his resignation, declaring his unwavering commitment to remaining in President Prabowo Subianto’s cabinet as the nation's state treasurer.

Speaking in a press conference here on Friday (June 5), Purbaya addressed the speculation with a touch of humor while firmly reassuring investors and the public of fiscal continuity.

"We are following the President's orders. His commitment is strong, and we will continue moving forward,” he stated.

Purbaya questioned the origins of the rumors, suggesting they may have been intentionally manufactured to disrupt economic stability.

"I assume these rumors were spread to artificially influence market sentiment," Purbaya noted, emphasizing that he remains fully focused on executing his duties as the head of the country's fiscal authority.

The speculation intensified following Purbaya’s high-profile appearance at the Indonesian House of Representatives (DPR RI) on Thursday, June 4.

There, he attended a Plenary Meeting regarding revisions to Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (P2SK) and presented the Macroeconomic Framework and Fiscal Policy Principles (KEM-PPKF).

In a direct counter to any economic anxiety, Purbaya presented the latest State Budget figures through the end of May 2026, showcasing a stable and growing economy.

Indonesia’s State Budget recorded a deficit of Rp180.4 trillion (US$10.02 billion), representing a highly manageable 0.70 percent of GDP.

Total state revenue reached Rp1,185 trillion (US$65.83 billion) as of May, representing 37.6 percent of the full-year Rp3,153.6 trillion target (US$175.20 billion). This marks a robust 19.1 percent year-on-year (yoy) growth.

On the expenditure side, the government aggressively ramped up spending to keep economic momentum on track.

Total state expenditure surged by 34.4 percent (yoy) to Rp1,365.4 trillion (US$75.86 billion), accounting for 35.5 percent of the Rp3,842.7 trillion (US$213.48 billion) annual budget.

Despite the spending surge, Indonesia’s primary balance maintained a surplus of Rp58.6 trillion (US$3.26 billion)—underscoring that state resources remain structurally sound and fully capable of managing ongoing revenues, expenditures and national debt.

Translator: Imamatul Silfia, Yashinta Difa Pramudyani

Editor: Aditya Eko Sigit Wicaksono

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