Friday, 17 Augst 2018 | 03:00 WIB

Sri Mulyani Again Named Best Finance Minister of Asia Pacific in 2018

Finance Minister Sri Mulyani (right)

JAKARTA, NNC - Finance Minister Sri Mulyani Indrawati was named Best Minister of Finance in Asia Pacific in 2018 by FinanceAsia financial magazine following the same award she received last year.

Through a press release from the Ministry of Finance, Jakarta, Monday (4/16/2018), FinanceAsia assessed Sri Mulyani managed to bring the Indonesian economy to a better direction.

Sri Mulyani is considered successful in taking advantage of global economic progress to reform the financial structure in 2017 so that it can survive when interest rates rise in the United States.

FinanceAsia also said that Sri Mulyani managed to maintain the stability of state spending as seen from the lower budget deficit (2.5 percent) compared to the original projection (2.9 percent).

The government is also considered successful in maintaining the stability of inflation and the rupiah exchange rate. In 2017, Indonesia's Gross Domestic Product reached US$ 1 trillion for the first time, with stable economic growth above five percent.

FinanceAsia also announced ratings for other finance ministers in Asia Pacific. The second rank was given to the Finance Minister of Singapore, Heng Swee Keat; third rank goes to the Philippines’ Finance Minister, Carlos Dominguez; fourth is India’s Finance Minister, Arun Jaitley; and fifth is Finance Minister of China, Xiao Jie.

Furthermore, the sixth rank goes to South Korea's Minister of Strategy and Finance, Kim Dong Yeon; seventh is Australian Finance Minister, Scott Morrison; eighth is Finance Minister of Thailand, Apisak Tantivorawong; nineth is Japanese Finance Minister, Taro Aso; and tenth is Finance Minister of Hong Kong, Paul Chan.

The 11th and 12th rankings were awarded to the Malaysian Minister of Finance, Najib Razak and the Finance Minister of Taiwan, Sheu Yu-jer.

Sri Mulyani revealed that this award cannot be separated from the leadership of President Joko Widodo and Vice President Jusuf Kalla who always encourage all ministers to work hard to improve people's lives.

It is also an acknowledgment and appreciation for the hard work of the government in the economic field, supported by cooperation between the Ministry of Finance and all stakeholders.

"State finance is a tool to reach the ideals of Indonesia's independence to realize a just and prosperous society and a civilized and dignified nation," said Sri Mulyani, reported by Antara.