Mulyani Indrawati

“The estimated current situation, before the pause, could reduce our potential growth by between 0.3 per cent of GDP up to 0.5 per cent,” says Finance Minister Sri Mulyani Indrawati.

US tariffs may cut Indonesia growth by up to 0.5 percentage points

Indonesia says US tariffs will have a limited impact on the economy, which relies more on the domestic market

Indrawati is known as a steady hand in government, having led tax and budget reforms that helped Indonesia earn multiple credit rating upgrades by global ratings companies during her tenure.

Indonesia to send finance, economy ministers to US trade talks

It has ruled out retaliating against US plans to impose a 32% tariff on Indonesian goods

“A number of policies aimed at supporting purchasing power, such as keeping prices stable and social assistance, will be maintained until the end of 2024,” says Sri Mulyani.

Indonesia's 2024 GDP growth seen at 5.1%, finance minister says

The government is monitoring global markets conditions, which are now affected by the conflict in the Middle East

Sri Mulyani said she had held several talks with Prabowo, and that the incoming president had kept his message consistent about state finances, in support of strengthening revenue collection and spending capacity.

Indonesia’s Sri Mulyani asked to stay on as finance minister

Sri Mulyani is one of Indonesia’s longest-serving finance ministers who has worked under two presidents