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

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epa11231946 Indonesia's President-elect Prabowo Subianto greets supporters after delivering his victory speech following the official announcement of the election results in Jakarta, Indonesia, 20 March 2024. The Indonesian election commission named Prabowo Subianto and his running mate Gibran Rakabuming Raka as the winners of the presidential race in the world's largest single-day vote.  EPA-EFE/MAST IRHAM

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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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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