Indonesia has restructured its fiscal management by assigning key responsibilities to three newly appointed deputy finance ministers, a move aimed at enhancing focus and coordination within the Finance Ministry. Finance Minister Suahasil Nazara announced that this division of duties is designed to ensure more efficient oversight of the country’s financial sector and state budget.
Deputy Finance Minister Juda Agung will handle international affairs, financing, and the financial sector. Meanwhile, Nurkholisoh Ibnu Aman is tasked with managing state revenue streams, including taxes, customs, excise duties, and non-tax revenue. Luky Alfirman will oversee state expenditures, treasury operations, and transfers to regional governments. Despite these specific allocations, all deputies will work collaboratively on the ministry’s overall management, human resources, and budgetary matters.
The appointments of the deputy finance ministers were solidified under Presidential Decree No. 104P of 2026, with Agung, Alfirman, and Nurkholisoh positioned to support Minister Nazara. Notably, Alfirman brings experience as a senior Finance Ministry official, while Nurkholisoh has a background as an economist and researcher at Bank Indonesia.
Minister Nazara also highlighted Indonesia’s fiscal performance, reporting state revenue of approximately 2,341.5 trillion rupiah by the end of September 2026. This figure marks a 25.5% increase compared to the same period the previous year and represents 74.2% of the government’s annual revenue target.
The restructuring within the Finance Ministry is part of Indonesia’s broader strategy to strengthen fiscal administration as the country continues to manage revenue collection, public spending, and regional funding effectively.