April 28, 2026 | 10:00 am
TEMPO.CO, Jakarta - News of a reshuffle among echelon I officials at the Finance Ministry spread early last week. On Tuesday afternoon, April 21, 2026, two days after returning from the United States, reports emerged that Finance Minister Purbaya Yudhi Sadewa had dismissed Director-General of Economic and Fiscal Strategy Febrio Kacaribu and Director-General of Budget Luky Alfirman.
The removal of the two officials took place quietly. The news was confirmed the following day when Purbaya was questioned by journalists after a meeting at the Coordinating Ministry for the Economy office in Lapangan Banteng, Central Jakarta. “Yes, that’s correct, acting officials have been appointed,” he said.
At a media briefing at the Financial Education and Training Agency (BPPK) office in South Jakarta on Friday, April 24, Purbaya announced the appointment of Ferry Ardianto as Febrio Kacaribu’s replacement, while also serving as Director of Welfare and Economic Equity Strategy. Luky Alfirman’s replacement is Sudarto, who previously served as an expert staff member for state expenditure.
Three officials said the decision to replace the two directors was made swiftly after Purbaya received reports on their performance. Febrio, one official said, was deemed as designing policies without Purbaya’s knowledge, triggering controversy. One example was the plan to impose value-added tax (VAT) on toll roads.
Finance Minister Says Domestic "Noise" Drives Rupiah Weakness
3 hari lalu
Purbaya said the "noise" includes narratives of Indonesia's economic weakness and fiscal pressure, which he said have weighed on rupiah sentiment.
Purbaya Denies Rumors State Funds Left at Rp120 Trillion
3 hari lalu
Purbaya clarified that the Rp120 trillion figure refers to part of the government's excess budget balance, which is typically held at Bank Indonesia.
How Indonesia Floats Ship Tax in Malacca Strait
4 hari lalu
Finance Minister Purbaya believes Indonesia would benefit greatly from taxing vessels passing through the Malacca Strait.
Indonesia's Purbaya Removes Two Senior Finance Ministry Officials
5 hari lalu
Indonesia's Finance Minister Purbaya Yudhi Sadewa confirmed the removal of two senior officials, Febrio Kacaribu and Luky Alfirman.
Indonesia Dismisses Loan Offers from IMF, World Bank
6 hari lalu
Minister of Finance Purbaya Yudhi Sadewa received loan offers from the IMF and the World Bank worth US$25-US$30 billion to strengthen fiscal condition
World Bank Apologized Over Indonesia Economic Projections, Says Minister Purbaya
6 hari lalu
Previously, the World Bank projected that Indonesia's economy would slow to 4.7 percent in 2026.
Indonesia Shifts to Productive Growth, Says Finance Minister
7 hari lalu
Minister of Finance Purbaya Yudhi Sadewa has conveyed that Indonesia is shifting its focus to more productive and value-added growth.
IMF Praises Indonesia as 'Bright Spot' in Global Economy, Says Purbaya
7 hari lalu
The IMF also expressed appreciation for Indonesia's credible policy framework and measures taken to preserve economic stability.
Purbaya Reveals S&P Warning on Indonesia's Debt Interest
10 hari lalu
Purbaya explained that the government will continue to monitor these conditions while maintaining the integrity of the state budget (APBN).
BI Governor, Purbaya Meet US-ASEAN Business Council at IMF Meeting
11 hari lalu
The Governor of Bank Indonesia also held a meeting with the IMF and discussed global geopolitical developments and uncertainties.
