Free Trial

New President Subianto announces Indonesia's largest-ever Cabinet, with 109 members

Indonesia's new President Prabowo Subianto, center, announces his cabinet lineup of newly-appointed ministers, at Merdeka Palace, in Jakarta, Indonesia, Sunday, Oct. 20, 2024. (AP Photo/Achmad Ibrahim)

JAKARTA, Indonesia (AP) — Newly inaugurated President Prabowo Subianto announced Indonesia's largest-ever Cabinet late Sunday, with 109 members representing his pledge for a strong government.

He named his Cabinet of ministers, vice ministers and head of national agencies the “Red and White Cabinet,” referring to the colors of Indonesia’s flag.

Subianto became the eighth president of Southeast Asia’s largest economy on Sunday.

The Cabinet of Subianto’s predecessor, Joko Widodo, had 34 ministers and head of government agencies.

Subianto has said earlier that he needs a strong administration, even though analysts said that his “fat” Cabinet would bloat the bureaucracy.

“I want to create a strong government that would unite our multicultural society and diverse political interests,” Subianto said before inviting more than 100 people for interviews at his residence last week. “It must be a big coalition, and some will say my Cabinet is fat.”

The Cabinet features politicians from a coalition of seven parties who supported his victory in the February election, and figures allied with Widodo’s Cabinet, who were reappointed to continue their jobs under Subianto’s presidency. Analysts said the move was a political reward to Widodo for the latter’s tacit support in the election.

Subianto was sworn in with his new vice president, 37-year-old Surakarta ex-Mayor Gibran Rakabuming Raka. He chose Raka, who is Widodo’s son, as his running mate, with Widodo favoring Subianto over the candidate of his own former party. The former rivals became tacit allies, even though Indonesian presidents don’t typically endorse candidates.

Subianto was a longtime rival of the Widodo, who ran against him for the presidency twice and refused to accept his defeat on both occasions, in 2014 and 2019.

But Widodo appointed Subianto as defense chief after his reelection, paving the way for an alliance despite their rival political parties. During the campaign, Subianto ran as the popular outgoing president’s heir, vowing to continue signature policies like the construction of a multibillion-dollar new capital city and limits on exporting raw materials intended to boost domestic industry.

Backed by Widodo, Subianto swept to a landslide victory in February’s direct presidential election on promises of policy continuity.

Subianto reappointed nearly half of Widodo’s Cabinet members, including Finance Minister Sri Mulyani Indrawati, making her the first person to hold the ministry under three different presidents.

Indrawati, 62, who has served as the executive director of the International Monetary Fund and managing director of the World Bank, is one of Indonesia’s longest-serving finance ministers, having held the post for long stretches under Presidents Susilo Bambang Yudhoyono and Joko Widodo.

She has earned considerable respect in international circles, particularly for her reforms of the chaotic Indonesian taxation system and her role in steering Indonesia through the global financial crisis and the COVID-19 pandemic.

“We regularly consulted with each other to discuss strategies for strengthening the Finance Ministry and the state finances to support his programs,” Indrawati told reporters after meeting with Subianto last week.

Other ministers from Widodo’s Cabinet include Interior Minister Tito Karnavian, Trade Minister Zulkifli Hasan, Energy Minister Bahlil Lahadalia and State-Owned Enterprises Minister Erick Thohir.

Subianto has announced an ambitious goal of increasing annual economic growth to 8% by the end of his five-year term, and embarking on an ambitious spending program, including an increase in defense spending, hikes in civil servants’ salaries, and a program to give 83 million children free meals.

→ The most serious warning of my career (From Porter & Company) (Ad)

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Build-to-Order: The Strategy Fueling Toll Brothers’ Growth
Billionaires Bet Big on Cavco and Champion Homes
3 Momentum Stock Picks With Room to Run

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines