Sri Mulyani is an influential figure who once served as managing director of the World Bank and was finance minister under three different presidents. Her house was ransacked during the recent protests over lavish perks for lawmakers.
Prabowo did not give any reason for Sri Mulyani's removal from the cabinet. He also honourably discharged chief security minister Budi Gunawan and sports minister Dito Ariotedjo.
“The demand to remove Sri Mulyani has long been voiced by various think tanks and civil societies as a criticism of her inability to push for a fair taxation system,“ he told AFP.
Bhima said the new finance minister neeeded to take into account the purchasing power of the middle and lower classes when implementing tax revenue strategies in order to quickly restore public trust.
The demonstrations in late August are the biggest and most violent of Prabowo's presidency and a key test for the ex-general less than a year into his rule.
Jakarta stocks closed down 1.28 percent following the announcement of Sri Mulyani's removal from the cabinet -AFP
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