Indonesian President Prabowo Subianto removed Finance Minister Purbaya Yudhi Sadewa and installed Deputy Finance Minister Suahasil Nazara, 55, in a reshuffle intended to bolster confidence in fiscal policy. Purbaya said he was upset by the decision but had partly expected it, citing differences with other officials while denying policy disagreements with Prabowo. His roughly one-year tenure featured Indonesia’s fastest economic growth in three years, its widest budget deficit outside the pandemic in more than two decades, credit-rating outlook downgrades by Fitch and Moody’s, and capital outflows that helped push the rupiah to a record low. Nazara pledged to preserve budget credibility and comply with the statutory fiscal deficit ceiling of 3% of GDP. Business representatives said continuity was needed to prevent an abrupt policy shift, while analysts have said Nazara’s appointment alone may not change the fiscal path if Prabowo retains control of budget decisions.