News analysis

Indonesia’s Prabowo likely to pick finance minister who can actively intervene in economy

Economists say under Mr Prabowo Subianto, Indonesia is likely to shift gears towards a state-led economic growth model. PHOTO: EPA-EFE
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JAKARTA – Indonesian President-elect Prabowo Subianto is likely to appoint a finance minister who favours state interventionism to drive the growth of the economy and promote industries, according to economists.

This would be a marked departure from finance ministers during the decade-long tenure of President Joko Widodo, who relied on market forces to determine the course of the economy.

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