Prabowo Subianto's Cabinet: Continuity with Change in Indonesia

Indonesia's new President Prabowo Subianto has sworn in a cabinet with continuing policies from his predecessor, Joko 'Jokowi' Widodo. Key reappointments include finance minister Sri Mulyani and energy minister Bahlil Lahadalia. Prabowo aims for self-sufficiency in food and energy, focusing on fiscal prudence amid extensive spending plans.

In a move signaling both continuity and change, newly inaugurated Indonesian President Prabowo Subianto officially installed his cabinet, bearing elements of his predecessor Joko 'Jokowi' Widodo's policies. Analysts highlight that while there is a continuation, Prabowo infuses his unique operational style.

The 'red and white' cabinet comprises 48 ministries featuring key figures like Sri Mulyani Indrawati as finance minister and Bahlil Lahadalia as energy minister, focusing on fiscal discipline while promoting extensive social programs.

Investors express concern over large-scale fiscal initiatives. Prabowo maintains stability with familiar appointments while introducing significant structural changes to key ministries to pursue objectives of national self-reliance in food and energy.