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Official portrait
Official portrait, 2009
11th Vice President of Indonesia
In office
20 October 2009 – 20 October 2014
PresidentSusilo Bambang Yudhoyono
Preceded byJusuf Kalla
Succeeded byJusuf Kalla
13th Governor of Bank Indonesia
In office
22 May 2008 – 16 May 2009
PresidentSusilo Bambang Yudhoyono
Preceded byBurhanuddin Abdullah
Succeeded byMiranda Goeltom
12th Coordinating Minister for Economic Affairs
In office
22 May 2008 – 16 May 2009
PresidentSusilo Bambang Yudhoyono
Preceded byAburizal Bakrie
Succeeded bySri Mulyani Indrawati (acting)
30th Minister of Finance
In office
9 August 2001 – 20 October 2004
PresidentMegawati Sukarnoputri
Preceded byRizal Ramli
Succeeded byJusuf Anwar
8th Minister of National Development Planning
In office
23 May 1998 – 20 October 1999
PresidentB. J. Habibie
Preceded byGinandjar Kartasasmita
Succeeded byKwik Kian Gie
Personal details

(1943-02-25) 25 February 1943 (age 79)
Blitar, Japanese East Indies
Political partyIndependent
(m. 1969)
    • Ratriana Ekarini
    • Dios Kurniawan
Alma mater

Boediono (EYD: Budiono, pronounced [budiˈjono] (listen); born 25 February 1943) is an Indonesian economist and former politician. He is the 11th vice president of Indonesia, in office from 2009 to 2014. He became vice president after winning the 2009 presidential election together with the then-incumbent President Susilo Bambang Yudhoyono.


Boediono received his early education in primary school in Blitar, East Java. In the early 1960s he began university studies at Gadjah Mada University in Yogyakarta before winning a scholarship to study at the University of Western Australia in Perth. In 1967 he graduated from the University of Western Australia with an economics degree and continued his studies for a master's degree in economics at Monash University in Melbourne which he completed in 1972. Later, he undertook further studies towards his doctorate degree from the Wharton School of the University of Pennsylvania which he completed in 1979.[2] He also worked in the Indonesia Project at the Australian National University in the early 1970s as a research assistant in economics.[3]

Boediono was listed as one of the Wharton School's 125 Influential People and Ideas in 2007 and was dubbed "Indonesia's financial rudder".[4]


Boediono at the 2011 World Economic Forum

Boediono was a Bank of Indonesia deputy governor in charge of fiscal monetary policy from 1997 to 1998 and served as State Minister of National Planning and Development from 1998 to October 1999.

Following the removal of Abdurrahman Wahid from the presidency in 2001, President Megawati Sukarnoputri appointed Boediono as Minister of Finance in her new administration. Under his leadership, the economy grew by 4% in 2002.[5]

President Susilo Bambang Yudhoyono appointed Boediono as Coordinating Minister for the Economy during his first cabinet reshuffle in 2005, replacing Aburizal Bakrie. Bakrie had come under suspicion for having conflicts of interest.[6] In 2008, a commission of the People's Representative Council elected Boediono Governor of the Indonesian central bank, Bank Indonesia.[7] After he was selected by Yudhoyono as a running mate in the 2009 presidential election, Boediono submitted his resignation from the central bank post.[8]

Boediono is also a professor of economics at Gadjah Mada University where he has taught various courses on macroeconomics and monetary policy since the early 1970s.

Honorary degrees

Boediono has received honorary degrees from the three Australian universities which he studied at and worked in between the early 1960s and 1970s.

In 2011 he was awarded an honorary doctorate from the University of West Australia in Perth.[9] In February 2013 in a ceremony in Jakarta attended by the president of Indonesia and a delegation from Monash University led by the Vice-Chancellor of the university, he was awarded an honorary Doctor of Laws from Monash University.[10] And in November 2013 he was awarded an honorary doctorate from the Australian National University in Canberra.[11]

Publications and papers[edit]

Since his appointment as a staff member in the Faculty of Economics, Gadjah Mada University, in the early 1970s, Boediono has lectured and published widely on topics relating to contemporary issues of economic policy in Indonesia. His publications include the following.

  • Boediono. 2009. Ekonomi Indonesia, mau ke mana? Kumpulan esai ekonomi (The economy of Indonesia, Where to? A collection of economic essays), PT Gramedia, Jakarta. ISBN 978-979-9101-89-1
  • Boediono. 2007. 'Primus Inter Pares', Chapter 11 in Moh. Arsjad Anwar, Aris Ananta, Ari Kuncoro (eds), Kesan Para Sahabat tentang Widjojo Nitisastro (Testimonials of Friends about Widjojo Nitisastro), Penerbit Buku Kompas, Jakarta.
  • Boediono, 2005. 'Professor Mubyarto, 1938–2005', Bulletin of Indonesian Economic Studies, 41 (2).
  • Boediono. 2005. 'Managing the Indonesian economy: some lessons from the past', Bulletin of Indonesian Economic Studies, 41 (3).
  • Boediono. 2004. 'Kebijakan fiskal: sekarang dan selanjutnya' (Fiscal policy: now and in the future), in Subiyantoro, Heru and Riphat Singgih (eds), Kebijakan fiskal (Fiscal policy), Penerbit Buku Kompas, Jakarta.
  • Boediono. 2002. 'The IMF support program in Indonesia: comparing its implementation under three presidents', Bulletin of Indonesian Economic Studies, 38 (3).
  • Boediono. 1999. 'Addressing the social impacts', speech delivered to the meeting on Development cooperation: responding to the Asian crisis, Sydney, 5 March.
  • Boediono and T. Kaneko. 1998. 'Price changes', in S. Ichimura (ed.), Indonesian economic development: Issues and analysis, Japanese International Cooperation Agency, Tokyo.
  • Boediono. 1990. 'Fiscal policy in Indonesia'. Paper presented to the second convention of the East Asian Economic Association, Bandung.
  • Boediono and Mari Pangestu (1986). 'The structure and causes of manufacturing sector protection in Indonesia', in Christopher Findlay and Ross Garnaut (eds.), The political economy of manufacturing protection: experience of ASEAN and Australia, Allen and Unwin, Australia.
  • Boediono. 1985. 'Demand for Money in Indonesia, 1975 - 1984', Bulletin of Indonesian Economic Studies, 21 (2).
  • Boediono. 1974. 'An economic survey of D.I Aceh',Bulletin of Indonesian Economic Studies, 10 (2).
  • Boediono. 1972. 'An economic survey of North Sulawesi', Bulletin of Indonesian Economic Studies, 8 (3).


As the vice president of Indonesia, Boediono is automatically bestowed the highest class of 6 out of 7 civilian Star Decorations (Indonesian: Tanda Kehormatan Bintang), namely:[12]

Additional reading[edit]

  • Son Yuwono. 2009. Boediono "Titisan" Soekarno dari Blitar [Boediono a "Reincarnation" of Soekarno from Blitar]. Jakarta: Golden Terayon Press, ISBN 9798125266.

See also[edit]


  1. ^ "Obrolan Santai Dengan Istri Cawapres". Tabloid Nova. Archived from the original on 13 June 2009. Retrieved 27 July 2009. (Indonesian)
  2. ^ "Who's Who". The Jakarta Post. Archived from the original on 12 May 2009. Retrieved 15 May 2009.
  3. ^ Fitzpatrick, Stephen (14 May 2009). "Susilo Bambang Yudhoyono running mate Boediono has Aussie links". The Australian. Archived from the original on 17 May 2009. Retrieved 15 May 2009.. See also, Colin Brown, 2015, Australia's Indonesia Project: 50 Years of Engagement, Bobby Graham Publishers, Manuka, ACT.
  4. ^ "Indonesia's financial rudder". Archived from the original on 4 July 2015. Retrieved 3 July 2015.
  5. ^ "Boediono". BusinessWeek. 9 June 2003. Archived from the original on 16 May 2009. Retrieved 15 May 2009.
  6. ^ "The Boediono Factor". The Jakarta Post. 7 December 2005. Archived from the original on 23 May 2009. Retrieved 15 May 2009.
  7. ^ "House approves Boediono as central bank governor". The Jakarta Post. 8 April 2008. Retrieved 15 May 2009.
  8. ^ Kusuma, Adriana Nina; Gde Anugrah Arka (15 May 2009). "Indonesia governor resigns to run as VP". Reuters. Retrieved 16 May 2009.[dead link]
  9. ^ 'Indonesia's Vice-President returns to UWA for prestigious award', 11 March 2011.
  10. ^ 'Honorary Doctorate for Vice President of the Republic of Indonesia', 20 February 2013.
  11. ^ 'Vice President Dr Boediono received an honorary degree from ANU'[permanent dead link], 18 November 2013.
  12. ^ "Tanda Kehormatan yang dimiliki Presiden" (in Indonesian). Direktorat Jenderal Kebudayaan Kementerian Pendidikan dan Kebudayaan Republik Indonesia. 10 May 2019. Retrieved 23 August 2019.

External links[edit]

Political offices
Preceded by Vice President of Indonesia
Succeeded by
Preceded by Coordinating Minister for the Economy
Succeeded by
Preceded by
Bambang Sudibyo
Minister of Finance
Succeeded by
Yusuf Anwar
Preceded by State Minister of National Development Planning
Succeeded by
Civic offices
Preceded by Governor of Bank Indonesia
Succeeded by
Miranda Goeltom (ad interim)