New Organizational Structure: Prabowo Overhauls Indonesia’s Finance Ministry

JAKARTA, RAKYAT NEWS – President Prabowo Subianto has officially restructured Indonesia’s Ministry of Finance through Presidential Regulation (Perpres) No. 158 of 2024. This regulation introduces a new organizational framework, resulting in the dissolution of the Fiscal Policy Agency (BKF) and the formation of a new directorate-general within the ministry.

Under the new regulation, the Ministry of Finance is now directly under the President’s oversight. Previously, the ministry operated under the coordination of the Coordinating Ministry for Economic Affairs. This shift centralizes the Finance Ministry’s functions and aligns it more closely with the President’s economic strategies.

According to the spokesperson for the Ministry of Finance, Deni Surjantoro, the merger of BKF into the Directorate-General for Economic and Fiscal Strategy aims to strengthen the fiscal policy framework. “This is essentially an enhancement of BKF’s functions,” Deni stated in an interview with Katadata.co.id on Wednesday, November 6.

The reorganization not only changes the internal structure but also defines the ministry’s responsibilities more clearly. Under Article 4 of Perpres 158/2024, the Ministry of Finance is mandated to handle government affairs related to finance, supporting the President in managing the country’s economic governance.

The new structure is outlined in Article 7 of the regulation and introduces 22 departments, including several new directorates and expert staff positions. The core organizational units include the Secretariat General, Directorate-General for Economic and Fiscal Strategy, and other key areas such as the Directorate-General of Budget and the Directorate-General of Tax.

The restructured ministry also comprises directorates focused on customs, treasury, and financial stability, among others. Additionally, it includes the newly formed Directorate-General for Financial Sector Stability and Development, reflecting a focus on maintaining economic resilience and growth amid global uncertainties.