Biography of Purbaya Yudhi Sadewa, A Key Figure in Indonesia’s Financial Stability
world.campusnesia.co.id - Purbaya Yudhi Sadewa, Ph.D. is a prominent Indonesian economist and public official who currently serves as the Chairman of the Board of Commissioners of the Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan - LPS). Known for his deep expertise in monetary economics and data-driven policy making, he has played a vital role in maintaining the nation's financial system stability.
Early Life and Education
Purbaya’s academic journey is rooted in a strong foundation of engineering and economics. He earned his Bachelor’s degree in Electrical Engineering from the prestigious Bandung Institute of Technology (ITB).
Driven by an interest in global markets and economic structures, he pursued further studies in the United States, obtaining a Master’s degree and subsequently a Ph.D. in Economics from Purdue University. His doctoral research focused on macroeconomics and monetary policy, which would later become the core of his professional career.
Professional Career
Before leading LPS, Purbaya held several high-ranking positions in both the private sector and the government:
1. Deputy for Coordinating Sovereign Wealth Fund and Investment
At the Coordinating Ministry for Maritime Affairs and Investment, where he worked closely with Minister Luhut Binsar Pandjaitan.
2. Chief Economist
He served as a lead economist for various financial institutions, including Danareksa Research Institute, where he became a well-known analyst for Indonesia’s macroeconomic trends.
3. Academician
He has shared his knowledge as a lecturer, influencing the next generation of Indonesian economists.
Leadership at LPS
Appointed as the Chairman of LPS in 2020, Purbaya has been instrumental in navigating the Indonesian banking sector through global economic uncertainties. Under his leadership, LPS has:
1. Maintained high public confidence in the banking system.
2. Proactively adjusted deposit insurance interest rates to balance stability and growth.
3. Expanded its mandate to include the Insurance Guarantee Program, ensuring protection for insurance policyholders in Indonesia.
Vision and Contribution
Purbaya is widely respected for his "straight-to-the-point" analysis and his ability to translate complex economic data into actionable policies. He remains a vocal advocate for financial literacy and digitalization in the financial sector, believing that a stable economy starts with a well-informed public and a resilient banking infrastructure.
5 Latest Policy Updates during 2025 to 2026
1. Fiscal Discipline & 8% Growth Target
Purbaya berkomitmen untuk menjaga disiplin fiskal sambil mengejar target pertumbuhan ekonomi sebesar 8% secara bertahap dalam 2–3 tahun ke depan. Ia percaya bahwa optimalisasi manajemen kas negara adalah kunci untuk mengakselerasi ekonomi tanpa mengganggu sistem perbankan.
2. No Increase in Tobacco Excise (CHT)
Untuk tahun 2026, ia memutuskan untuk tidak menaikkan tarif cukai rokok. Sebagai gantinya, ia akan menambah layer tarif cukai baru untuk menarik produsen rokok ilegal menjadi legal, serta melakukan penindakan tegas terhadap extraordinary crime di bidang cukai.
3. Massive Tax Office Rotation
Pada Januari 2026, ia melakukan rotasi besar-besaran terhadap ribuan pegawai Direktorat Jenderal Pajak (DJP) untuk menyegarkan organisasi dan mengejar target penerimaan negara yang ambisius.
4. IHSG Target of 10,000
Ia menyatakan optimismenya bahwa Indeks Harga Saham Gabungan (IHSG) dapat mencapai level 10.000 pada tahun 2026, didorong oleh sinkronisasi kebijakan antara fiskal (Kemenkeu) dan moneter (Bank Indonesia).
5. Rupiah Stability
Purbaya menekankan pentingnya menjaga fundamental ekonomi untuk menstabilkan nilai tukar Rupiah, yang sempat mengalami tekanan di awal tahun 2026, namun ia optimis akan menguat kembali seiring masuknya aliran modal asing.







