President Prabowo Orders New Finance Minister to Protect State Budget

President Prabowo Subianto has instructed the newly appointed Finance Minister to make the protection of the State Budget a top priority. This directive is seen as a crucial measure to maintain economic stability and prevent negative impacts on public welfare. The President emphasized the importance of ensuring transparency and accountability in the execution of the State Budget. He specifically stated that budget allocation for areas directly affecting public life, such as public works and social welfare programs, should be carried out cautiously. Furthermore, the suppression of unnecessary expenditures and the securement of revenue were also called for. This instruction comes shortly after the inauguration of the Prabowo administration and is seen as indicative of the new government's economic policy direction. The Indonesian economy faces various challenges, including global economic uncertainty and domestic inflationary pressures. Therefore, the soundness of the State Budget is indispensable for sustained economic growth and maintaining the public's standard of living. The new Finance Minister will likely review the budget formulation and execution processes based on the President's instructions, aiming for more efficient and effective fiscal management. To gain public trust, strengthening fiscal discipline and improving transparency will be crucial. Source: Antara News (English)