Indonesia’s Finance Minister, Suahasil Nazara, has delineated the key responsibilities for three newly appointed deputy finance ministers, aiming to enhance the country’s fiscal management and state budget oversight. This strategic move comes under Presidential Decree No. 104P of 2026, as Nazara seeks to streamline operations within the Ministry of Finance by assigning distinct areas of focus to each deputy while ensuring collaborative governance.
Deputy Finance Minister Juda Agung will manage the financial sector, international affairs, and financing. Nurkholisoh Ibnu Aman has been tasked with overseeing state revenue, including taxes, customs and excise duties, and non-tax revenue streams. Luky Alfirman will be responsible for state expenditure, treasury operations, and the management of transfers to regional governments. Despite these distinct roles, Nazara emphasized that the division is intended to enhance focus and coordination, not to limit collaboration. All four officials will continue to work together on broader issues such as the ministry’s overall management, organizational matters, human resources, and budget.
The appointments of Alfirman and Nurkholisoh, who join Agung in supporting Nazara, bring together a wealth of experience. Alfirman is a senior official within the Finance Ministry, while Nurkholisoh has a background as an economist and researcher at Bank Indonesia. These appointments are part of a broader effort to strengthen fiscal administration as Indonesia navigates the challenges of revenue collection, public spending, and regional funding.
In addition to restructuring the finance ministry’s leadership, Nazara reported a significant achievement in state revenue collection. By the end of September 2026, Indonesia’s state revenue reached approximately 2,341.5 trillion rupiah, marking a 25.5% increase compared to the same period last year. This figure represents 74.2% of the government’s revenue target for the year, underscoring the effectiveness of the current fiscal strategies.
The allocation of responsibilities among the deputy finance ministers is expected to bolster the ministry’s efficiency and responsiveness to fiscal challenges. By clearly defining areas of oversight and encouraging collaboration, Indonesia aims to strengthen its economic governance and achieve its financial objectives. This approach reflects a commitment to improving fiscal administration and supporting the country’s economic growth through better management of revenue and expenditure.