Indonesia’s Deputy Speaker denies Finance Minister Sri Mulyani stepping down

Finance Minister Sri Mulyani Indrawati has been credited with steering SEA's largest economy through the turmoil spurred by the pandemic. PHOTO: REUTERS

UPDATED Mar 18, 2025, 04:58 PM

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JAKARTA – Indonesia denied that veteran Finance Minister Sri Mulyani Indrawati is resigning, moving to calm investors after the biggest slump in stocks in more than a decade.

“I assure you that Sri Mulyani is not stepping down and our fiscal position is strong,” Indonesia Parliament Deputy Speaker Sufmi Dasco Ahmad said, as officials held a briefing at the stock exchange on March 18.

Mr Dasco, a senior politician in President Prabowo Subianto’s Gerindra party, was responding to questions on whether the stocks decline was due to rumours of Dr Sri Mulyani’s departure.

The benchmark index slumped by as much as 7.1 per cent, the most since 2011, before paring its losses to 3.8 per cent after the government’s denials.

Dr Sri Mulyani continues her duties and responsibilities as finance minister, Presidential Communications Office spokesman Hariqo Wibawa Satria said in a video address posted on Instagram late on March 17.