Journal articles on the topic 'Government spending policy Indonesia'
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1
Triansyah, Fadli agus, Ashari Gunawan, and Resti Ramadhaniyati. "The Impact Of Fiscal And Monetary Policy On Economic Performance." Jurnal Ekonomika Dan Bisnis (JEBS) 2, no. 3 (December 20, 2022): 916–20. http://dx.doi.org/10.47233/jebs.v2i3.350.
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This study aims to analyze and determine the effect of: (1) government spending on economic growth in Indonesia, (2) taxes on growth in Indonesia, (3) money supply on economic growth in Indonesia and (4) interest rates on economic growth . This study used the Ordinary Least Squared (OLS) analysis tool method. The dependent variable in this study is economic growth. While the independent variables in this study are government spending, taxes, money supply and interest rates. The results of the study conclude that (1) government spending has a significant and positive effect on economic growth in Indonesia. (2) taxes have a significant and positive effect on economic growth in Indonesia. (3) the money supply also has no positive effect on economic growth in Indonesia. (4) interest rates have no effect on economic growth in Indonesia and are negative. Based on these results, the policy that can be suggested by the Government of Indonesia is the need for local government efforts or policy makers to increase government spending (Fiscal Expansion Policy). The government is expected to be able to regulate the appropriate tax allocation so as not to undermine consumers' purchasing power. Central Government and Bank Indonesia in order to maintain liquidity or availability of money in the economy in Indonesia. The government together with the banking sector, especially Bank Indonesia, should maintain a healthy interest rate so that it does not have an impact on reducing investor interest in investing.
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Afrizal, Raden Muhammad, and Khoirunurrofik Khoirunurrofik. "Examining Flypaper Effect in Indonesia: Evidence After Transferring Urban-Rural Land and Building Tax to Locals Government." Jurnal Bina Praja 14, no. 3 (December 2022): 465–78. http://dx.doi.org/10.21787/jbp.14.2022.465-478.
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In order to increase the tax power of local governments, the central government implemented a major reform in 2010 by transferring the Urban-Country Land and Buildings Tax (PBB-P2) to local governments. Although the tax contributes a significant portion of local government revenues, the spending behavior of local governments is questionable, and it is unclear whether public spending has been increased. This study examines the effect of strengthening PBB-P2 policy on increasing local revenue (PAD) and its impact on regional spending patterns, specifically whether there are still flypapers after policy reform. Applying a fixed-effects panel data method to Indonesian local governments from 2005 to 2020, we found that strengthening PBB-P2 policy had a significant positive impact on PAD. The positive effect was found to be significant one year (year +1) after policy implementation in each region, including for the province, district, and city, with the issuance of regional ordinances related to PBB-P2. Interestingly, the significant increase in PAD impacted regional spending patterns. Thus, the flypaper effect phenomenon did not exist from 2005 to 2020. This implies that the central government can selectively empower local governments to levy appropriate local taxes and user fees. This can be done by providing new local tax sources, restructuring tax types, simplifying usage fee types, and harmonizing regional government regulations with the central government.
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Arianto, Adi Nugroho, Yusuf Edy, and Firmansyah. "Budget Policy to Eradicate Education Inequality in Indonesia." E3S Web of Conferences 73 (2018): 09004. http://dx.doi.org/10.1051/e3sconf/20187309004.
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Education is one of the important factors of economic development. In recent implementation, the education cannot be obtained equally by the people of Indonesia. Based on Law no. 23/2014 on Local Government, education is the responsibility of the local governments, and there is a potency of inequality in the implantation of the education development, due to the different budget capabilities in each region. This study aims to determine the level of convergence of local government budgets in Indonesia. Using statistical estimation models, and data covering of 33 provinces in Indonesia, the study finds that the convergence on total revenue will occur on all Indonesian region for a long time but not in education spending. The policy implications on education in Indonesia are different across regions.
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Hadiwibowo, Yuniarto, and Akhmad Priharjanto. "The Impacts of Government Spending and Monetary Policy Rate in Indonesia." European Journal of Business and Management Research 6, no. 6 (December 16, 2021): 183–87. http://dx.doi.org/10.24018/ejbmr.2021.6.6.1176.
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This study reviews the impacts of government policies on the economy. The period of analysis starts from early banking sector reform until the current Covid-19 pandemic crisis. We apply Vector Error Correction Model based on the theory of money demand and inflation to analyze the relationships among income, inflation, money balance, government spending, and policy interest rate. The impacts of money balance and policy interest rate on income are as predicted by money demand. Financial sector growth and different expectation on inflation affect the efficacy of monetary policy. On the other hand, government spending might not be fully growth-enhancing. The need emerges to classify and distinguish the classes of government spending which increase growth.
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Jayadi, Akhmad, and Tanto Firmansyah. "THE EFFECT OF GOVERNMENT MACROECONOMIC POLICY ON INDONESIA'S FISHERIES EXPORT TO THE UNITED STATES IN 1989-2019." Jurnal Ilmu Ekonomi Terapan 6, no. 2 (November 29, 2021): 267. http://dx.doi.org/10.20473/jiet.v6i2.31165.
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Indonesia is a maritime country that has huge potential in fisheries sector. The average of indonesian fisheries production and export volumes always increase every year. This study aims to analyze the effect of exchange rates, government spending, inflation, interest rates, and sanitation policies to Indonesia fishery export to the United States in 1989-2019. Data were obtained from the Indonesian Ministry of Finance, the World Bank, UN COMTRADE, and the Indonesian Ministry of Maritime Affairs and Fisheries. This study uses the Error Coerrection Model (ECM) method to examine the effect of the independent variables on the dependent variable in the long term and short term. This study explains that in the long-term, government spending and exchange rate have positive effect, and interest rates have negative effect on export. In short-term, government spending and exchange rate have positive effect on export. Inflation and sanitation policy do not affect export in the long-term or short-term, while interest rates in the short-term do not affect Indonesian fishery exports. Keywords: Exports, Government Spending, Exchange Rates, Non-Tariff Barriers, Error Correction Model.JEL: F10, F13, C32
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Priyadipa, Aril, Khairil Anwar, Darmawati Darmawati, Sapna Biby, and Darul Irfan. "THE EFFECT OF FISCAL POLICY ON ECONOMIC GROWTH IN INDONESIA." Journal of Malikussaleh Public Economics 5, no. 1 (August 5, 2022): 33. http://dx.doi.org/10.29103/jmpe.v5i1.8154.
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This study was conducted in Indonesia within a period of 16 years from 2005-2020 using vector autoregression (VAR) analysis methods the purpose of this study to see the effect of fiscal policy (government revenue and expenditure) on economic growth, the results of the study obtained that using granger causality analysis that economic growth and government acceptance do not have a reciprocal relationship (causality) while government spending. It has a reciprocal relationship (causality) to economic growth while by using the VAR method economic growth does not have a negative and significant effect on itself, government acceptance has a positive and significant effect on economic growth and government spending negatively and significantly limited economic growth.
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Pravitasari, Chairani Fadhila, and Insukindro Insukindro. "The Impact of Fiscal-Monetary Policy Interaction on the Indonesian Economy." Jurnal Ekonomi Pembangunan 20, no. 2 (January 15, 2023): 159–72. http://dx.doi.org/10.29259/jep.v20i2.18586.
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This study seeks to examine the interactions between fiscal and monetary policies and their impact on output and inflation in Indonesia from 2003:4 to 2018:4 using Structural Vector Autoregression (SVAR). It is important to investigate the coordination between both because overall macroeconomic policy framework requires a close coordination between monetary and financial policies. The variables utilized are government spending, debt, output gap, tax, inflation, interest rate, and exchange rate obtained from the Indonesian Ministry of Finance, the Indonesian Statistics, and Bank of Indonesia. Government spending as a proxy for fiscal policy and interest rate as a proxy for monetary policy have a strategic complement relationship, whereas tax revenue as a proxy for fiscal policy and interest rate as a proxy for monetary policy have a strategic substitutes relationship.
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Muhtar, Muhtar, Abdul Rohman, and Anis Chariri. "Opportunistic behavior and public spending: The case of Indonesia." Corporate Ownership and Control 14, no. 1 (2016): 485–97. http://dx.doi.org/10.22495/cocv14i1c3p9.
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This paper investigates the determinants of opportunistic behavior of executives in the local governments in Indonesia. We study 502 regional governments over the 2008-2013 periods. Opportunistic behavior is measured by the level of social spending and capital expenditures. The main determinants of opportunistic behavior come from the composition of local government income. We also include the integrity of apparatus as the determinant of opportunistic behavior. Our results reveal that the composition of income matters to explain the budget allocation. Some policy implications are discussed.
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Surjaningsih, Ndari, G. A. Diah Utari, and Budi Trisnanto. "THE IMPACT OF FISCAL POLICY ON THE OUTPUT AND INFLATION." Buletin Ekonomi Moneter dan Perbankan 14, no. 4 (June 29, 2012): 367–96. http://dx.doi.org/10.21098/bemp.v14i4.409.
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This study examines the impact of fiscal policy on output and inflation, along with a look at discretionary fiscal policy and how it impacts the volatility of output and inflation. Model Vector Error Correction Model (VECM) was applied over quarterly data, covering the period 1990 to 2009. Empirical results showed that there is a cointegration relationship between government spending and taxes with respect to output in the long-run.Unlike government spending, in the long-term, taxation has a positive effect on economic growth. Short-term adjustment suggests that anincrease in government spending has a positive effect on output, while a tax increase has a negative effect. There is a greater influence of government spending on output in the short term compared to taxation policies. Therefore, government spending is more effective to stimulate economic growth especially in times of recession, compared to taxation policies. While the increase in government spending causes a decrease in inflation, tax increases lead to higher inflation. This study also indicates the absence of discretionary fiscal policy made by the government of Indonesia. Keywords : Inflation, output, fiscal policy, tax, discretionary, VECM.JEL Classification: E31, E62
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Suparjito, Suparjito, Julianus Johnny Sarungu, Albertus Magnus Soesilo, Bhimo Rizky Samudro, and Erni Ummi Hasanah. "The Effect of Government Consumption and Government Investment as Intervening Variables to Growth in Indonesia." Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan 20, no. 2 (January 9, 2020): 193–207. http://dx.doi.org/10.23917/jep.v20i2.6822.
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Fiscal policy and monetary policy are the two macroeconomic policies used by the government and monetary authorities in order to create a stable economy. The budget deficit policy is one form of fiscal policy implemented by the government in order to realize a high level of economic growth, a controlled inflation rate and open up new job opportunities to reduce unemployment. The impact of the implementation of the budget deficit policy on the level of economic growth is a long debate. Neoclassical groups argue that the implementation of budget deficit policies is detrimental to the economy, as it lowers the rate of economic growth. Keynesian groups argue that the implementation of the budget deficit policy is very good for the economy, because it triggers the rate of economic growth by increasing the number of demand for goods and services through increased government spending. While the Richardian people argue that the implementation of budget deficit policy has no effect on the economy. The data used in this study is data from 1981-2014 which consists of budget deficit, government consumption, government investment and economic growth rate. The method of analysis in this research is using Partial Least Square-Path Modeling (PLS-PM) approach with SMART-PLS analysis tool which aims to analyze the direct and indirect influence of the implementation of budget deficit policy toward the level of economic growth through government consumption and government investment. The results show that the implementation of the budget deficit policy can increase economic growth through increased government investment spending. Keywords: budget deficits, government investment, government consumption, growth.
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Hadi Setiowati, Triyas Ayu, and Ris Yuwono Yudo Nugroho. "PENGARUH KEBIJAKAN MONETER DAN FISKAL TERHADAP PENGANGGURAN DI INDONESIA." Jurnal Dinamika Ekonomi Pembangunan 4, no. 1 (January 29, 2021): 433–42. http://dx.doi.org/10.33005/jdep.v4i1.205.
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The purpose of this study is to analyze the impact of monetary policy as seen from the BI Rate and the money supply (M2, and fiscal policy as seen from government spending and tax revenue in influencing the unemployment rate in Indonesia. The approach used in this research is quantitative. The data used are the BI Rate, the money supply (M2), government spending, tax revenue and unemployment in the form of time series data in an annual form from 1995 to 2019. The method used in this study is the Vector Auto analysis model. Regression (VAR). The stages used in this research test are a stationarity test, optimum lag test, VAR stability test, impulse response test, and variance decomposition test. The results of the impulse response indicate that the unemployment variable responds most to the shock of the interest rate variable (monetary policy) compared to other variables. The results of variance decomposition indicate that the contribution given by the BI Rate to the unemployment rate is the most significant relative to the contribution given by the variable money supply (M2), government spending, and tax revenue
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Prabowo, Sakti. "LITERATURE REVIEW IMPACT OF TAX AND SUBSIDY ON REDUCING INCOME INEQUALITY IN INDONESIA." JURNAL PAJAK INDONESIA (Indonesian Tax Review) 1, no. 1 (November 28, 2017): 118–23. http://dx.doi.org/10.31092/jpi.v1i1.165.
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Many countries have used fiscal policy Tax and subsidy as a tool to reduce income inequality and many of them have succeeded to achieve it. In contrast, tax and subsidy in Indonesia tend to have a neutral effect on inequality today. This research aims to identify the factors caused Indonesia fiscal policy doesn't have a significant impact on income inequality reduction and what steps should be taken by the government to improve the role of fiscal policy in order to reduce income inequality. From the literature review, this paper finds that Indonesia should improve the quality of public spending. Indonesia government should Prioritize social spending and infrastructure to improve the fiscal policy role to reduce inequality. In addition, increasing direct tax such as personal income taxes should be done in order to make it more effective.
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Amri, Khairul. "Kebijakan Fiskal dan Pertumbuhan Ekonomi Daerah: Bukti Data Panel di Indonesia." Al-Masharif: Jurnal Ilmu Ekonomi dan Keislaman 8, no. 1 (July 10, 2020): 1–18. http://dx.doi.org/10.24952/masharif.v8i1.2585.
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Abstract This study aims to analyze the effect of fiscal policy on regional economic growth in Indonesia. The fiscal policy consists of local government revenue pertains to local taxes and tax revenue-sharing, and local government expenditure includes grant social spendings, goods services, as well as capital spendings. Using panel data of 28 provinces during the period 2005-2015, then the data were analyzed using the econometric means of the panel regression fixed-effect approach. The study found that on the revenue side, local taxes have a positive effect, and vice versa, the tax revenue-sharing has a negative effect on economic growth. On the expenditure side, the grants social spending, and the goods services expenditure have a positive and significant effect, and vice versa capital spending has no effect on economic growth. Abstrak, Penelitian ini bertujuan untuk menganalisis pengaruh kebijakan fiskal terhadap pertumbuhan ekonomi regional di Indonesia. Kebijakan fiskal yang dimaksudkan dilihat dari penerimaan pemerintah daerah terdiri dari pajak daerah dan bagi hasil pajak, dan pengeluaran pemerintah daerah meliputi belanja hibah dan bantuan sosial, belanja barang dan jasa dan belanja modal. Menggunakan data panel dari 28 provinsi selama periode 2005-2015, data dianalisis dengan menggunakan peralatan ekonometrika regresi panel pendekatan fixed-effect. Penelitian ini menemukan bahwa di sisi penerimaan, pajak daerah berpengaruh positif, dan sebaliknya, bagi hasil pajak berpengaruh negatif terhadap pertumbuhan ekonomi. Di sisi pengeluaran, belanja hibah sosial, dan belanja barang jasa berpengaruh positif dan signifikan, dan sebaliknya belanja modal tidak berpengaruh pada pertumbuhan ekonomi.
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Suhartoko, YB, Adji Pratikto Pratikto, and Indira Kirana. "RICARDIAN EQUIVALENCE IN INDONESIA." Jurnal Ekonomi Trisakti 2, no. 1 (April 18, 2022): 167–98. http://dx.doi.org/10.25105/jet.v2i1.13565.
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Expansionary Fiscal Policy in the form of Deficit Fiscal is still being debated due to differences in views regarding the effect of budget deficits. The Ricardian Equivalence disciple argues that Deficit Fiscal Policy has a neutral impact on consumption. In contrast, Non-Ricardians (Keynesian and Neoclassical) argue that Budget Deficit Policy affects Private Consumption. Government policies affect private consumption through deficit fiscal policies such as budget deficits, government spending, taxes, and government debt. This study analyzes the effect of the fiscal deficit on consumption and observes the existence of the Ricardian Equivalence View in Indonesia. The estimation model used is the Vector Error Correction Model (VECM) through IRF and VD testing with time series data from 1980-2018. The results showed that the Budget Deficit Policy had a significant positive effect on private consumption, where the Fiscal Deficit shock was responded positively by Private Consumption. So that the Ricardian view does not apply in Indonesia and is more inclined to the Keynesian view. The positive response continues in the long term permanently, where 58.42% of the variation in the formation of the Private Consumption indicator (in period 10), is a Budget Deficit.
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Sipahutar, Mangasa Augustinus, Rina Oktaviani, Hermanto Siregar, and Bambang Juanda. "Linkage of Credit on BI Rate, Funds Rate, Inflation and Government Spending on Capital." JEJAK 10, no. 1 (March 10, 2017): 1–11. http://dx.doi.org/10.15294/jejak.v10i1.9123.
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Linkage of credit on BI rate, funds rate, inflation, and government spending on capital provides evidence from Indonesia. This paper found advance explanation about banks credit as monetary transmission channel and its role on Indonesian economy. We used credit depth as a ratio of banks credit to GDP nominal, to explain the role of credit in Indonesian economy. We developed a VAR model to measure the response of credit to BI rate, funds rate and inflation rate, and OLS method to find out how banks credit response to government spending on capital. This paper revealed bi-direction causality between credit and BI rate, credit and funds rate, and credit and inflation. There is trade-off between credit and BI rate, credit and funds rate, and credit and inflation, but government spending on capital promotes credit depth. We found that Indonesian banking is bank view, allocated their credit based on their performance, not merely on the monetary policy determined by central bank. For bank view perspectives, we analyzed the link between LDR as an indicator of credit channel mechanism to NPLs and CAR. We found that there is no significant effect of CAR to LDR, but has a strong negatively relationship between NPLs to LDR. This evidence indicates that commercial banks in Indonesia allocated their credit do not related to their capital but merely to the quality of their credit portfolio.
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Jaelani, Aan. "PUBLIC EXPENDITURE MANAGEMENT IN INDONESIA:." HUNAFA: Jurnal Studia Islamika 15, no. 2 (December 25, 2018): 189–224. http://dx.doi.org/10.24239/jsi.v15i2.527.189-224.
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This paper discusses the management of public expenditures in Indonesia in State Budget 2017. The data collected from fiscal policy documents, especially about government spending plans in 2017, and then be reviewed by policy analysis, the theory of public expenditures, and the theory of public goods, and compared with the theory of public expenditure in Islamic economics. Public expenditure management in Indonesia has implemented a distribution system that divided public expenditure for central government expenditures, transfers to the regions, and the village fund. In terms of fiscal policy, public expenditure priorities to support the achievement of sustainable economic growth, job creation, poverty reduction, and the reduction of gaps in the welfare of the whole community. In Islamic economics, public expenditure is used to meet the needs of the community based on the principles of general interest derived from the sharia. Public expenditure on Indonesia’s government as an effective tool to divert economic resources and increase the income of society as a whole, and focused on the embodiment of the people’s welfare.
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Irianto, Edi Slamet, Haula Rosdiana, Lucas Filberto Sardjono, and Maria R. U. D. Tambunan. "Fiscal legitimacy of environmental taxation: challenges for green growth policy." E3S Web of Conferences 52 (2018): 00012. http://dx.doi.org/10.1051/e3sconf/20185200012.
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In Indonesia the fiscal legitimacy of environmental taxation has not received serious attention from tax experts. This is proved by the limited number of studies investigating it. There are at least three interesting perspectives. First, the Indonesian perspective as a country, this research is very necessary and the results are awaited in order to get answers to the failure of Indonesia in application of environmental taxes. Second, policy maker perspective, the result of this research is needed to build policy based on evidence and Third, scientific perspective to introduce contemporary tax paradigm that should be well understood by government and society. It is in this context that the tax essence adequately can be well known in the structure, the posture of state levies and its impact on the productivity and competitiveness of society. This research aims to explain the implications if the government implements new environmental taxes (e.g. environmental taxes) and challenges of fiscal legitimacy from environmental taxes within the framework of green growth policy. By using constructivism paradigm, this research is done through documentation and literature study, and technical data analysis in the form of meta-analysis. The research results show that there are some pseudo environmental taxes and charges applied in Indonesia. That is, if the government impose a new tax type, then the government will add compliance costs and distort entrepreneur cash flow. However, if the government can manage revenue from environmental taxes and charges through good spending quality, it will create tax justification that will rise the tax trust. Therefore, spending quality should be done transparently, accountably and consistently, to ensure that environmental taxes that do not cause high economic costs, do not reduce competitiveness, and ensure the stability of state revenues. Thus, the restructuring, convergence and harmonization of environmental taxes and charges must be conducted in order to achieve a connection between tax payments and inclusive and sustainable economic growth can be created.
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Ismaulina, T. Zulham, M. Shabri Abd Majid, and Muhammad Nasir. "DO INVESTMENT, GOVERNMENT SPENDING, EMPLOYMENT, AND DONATION MATTER FOR INCOME INEQUALITY REDUCTION IN ACEH, INDONESIA?" Journal of Southwest Jiaotong University 57, no. 5 (October 30, 2022): 144–59. http://dx.doi.org/10.35741/issn.0258-2724.57.5.12.
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This study aims to empirically measure and analyze the impacts of investment, government spending, employment, and donation on income inequality in Aceh Province, Indonesia during 2010–2020. Considering Aceh as the only province in the country that has been granted to implement Islamic law and only permitted Islamic financial institutions to operate in the province, assessing the role of donation as an Islamic fiscal instrument apart from other macroeconomic variables in reducing income inequality is the main contribution of this study. Using annual secondary data for 23 provincial regencies/cities collected from the reports of the Central Statistical Bureau of Aceh (BPS – Statistics Indonesia) and analyzed using a dynamic panel regression model of the general method of moments (GMM), the study found that the growth of investment, government spending, labor, and donations has contributed significantly to reducing income inequality. Our findings confirmed the importance of donation as the Islamic fiscal tool for reducing income inequality apart from investment, labor force, and government spending. This empirical evidence could be used as a policy reference to ensure income equality among citizens. The government should make continuous efforts to promote investment, optimize the allocation of government spending for the lower middle-income group, create more new job opportunities, and boost donation collection to be distributed to the poor for productive economic activities.
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Widodo, Ulfa Puspa Wanti, and Mutiara Rachma Ardhiani. "Efektivitas Program Pemulihan Ekonomi Nasional bagi Pertumbuhan Ekonomi Indonesia." Owner 6, no. 2 (April 12, 2022): 2112–26. http://dx.doi.org/10.33395/owner.v6i2.833.
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This study aims to determine the effectiveness of the fiscal and monetary policies implemented by the Indonesian government for economic recovery during the pandemic on economic growth. This study uses a quantitative approach and hypothesis testing is carried out using the Autoregressive Integrated Moving Average (ARIMA) method. The sample used is the rate of economic growth in Indonesia from 2010 to 2020. The test results show that the PEN program has a positive impact on consumption levels, FDI, DDI, interest rates, and tax revenues but has not been able to provide a positive stimulus for government spending and GDP. It can be concluded that the implementation of the PEN program has been effective for macroeconomic components in Indonesia but not yet effective enough for increasing GDP as a whole.
Keywords: Fiscal Policy, Monetary Policy, Economic Growth, Gross Domestic Product (GDP)
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Triyulianto, Toni. "AN EVALUATION OF A GOVERNMENT PERFORMANCE ACCOUNTABILITY SYSTEM INDONESIAN DISTRICT GOVERNMENTS 2010." Transparansi Jurnal Ilmiah Ilmu Administrasi 1, no. 1 (July 31, 2018): 85–100. http://dx.doi.org/10.31334/trans.v1i1.141.
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The goal of this paper is to provide better information of Government Performance Accountability System (SAKIP) implementation in Indonesian District Governments to policy makers. This study utilizes the evaluation result of Government Performance Accountability System (SAKIP) 2010 to analyze the effort of 273 District governments in Indonesia in implementing the SAKIP.The research question of this paper is: do auditor’s opinion and number of population have significant different to the SAKIP score? To investigate what factors that determine the score of Government Performance Accountability System (SAKIP), several theories as well as a logical thinking were taken to figure out the research question. Those theories as well as logical thinking reveal that revenue and spending, seize of population, area, poverty level, human development index, auditor’s opinion, number of government employee and education level government employee tend to correlate the SAKIP score.Two hypotheses have been chosen in this paper: 1) higher level in Auditor’s Opinion more likely will increase the SAKIP score evaluation, and 2) size of Population has significant different to the SAKIP score. Result shows we have to reject all the null hypotheses.
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Rama Ma'rufin, Muhammad, and Muhammad Ikrom Alfareza. "Assesing The Relationship Between Oil Rent, Energy Consumption, And Government Expenditure In Indonesia." ASIAN Economic and Business Development 5, no. 1 (October 30, 2022): 107–20. http://dx.doi.org/10.54204/aebd/vol5no1october2022010.
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This study was conducted in Indonesia to analyze the relationship between oil rent, energy consumption, and government spending. This study uses annual data obtained from world bank publications. The data analysis method used is VECM. This study finds in Indonesia, there is a three-way casual relationship between energy use and oil rent, but no causal relationship between variables. This indicates in the greater Indonesian energy consumption, the higher the profit level of Indonesia's oil and gas sector. Energy consumption has no impact on government expenditure in Indonesia. So that the policy of limiting the consumption of fossil fuels such as environmental taxes does not significantly suppress the state's development from government expenditure and can actually increase state revenues so that it has the potential to increase development. Suggestions for future research is to include including environmental tax variables to measure potential environmental tax revenues in Indonesia.
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Zakiah, Zakiah, and Fauzan Fauzan. "Simulation of Government Policy Impact on Food Security and Poverty in Aceh." MIMBAR : Jurnal Sosial dan Pembangunan 34, no. 2 (December 10, 2018): 301–9. http://dx.doi.org/10.29313/mimbar.v34i2.3454.
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Insufficient food availability causes most of food need in Indonesia fulfilled by import. This study aims to analyze the influence of government policy on food security and poverty in Aceh. It uses panel data of 21 regencies in 2007 to 2016 which were selected based on agricultural sector. Data were analyzed using 2 SLS method. Historical simulations are used to simulate food security in Aceh. The analysis showed that a single policy alone, for example to increase government spending, would not effective to increase food security and reduce poverty in Aceh. Combination of policies in increasing government spending on food crops sub-sector, followed by stabilization on food price is the most effective way to improve food security and reduce poverty. To increase farmer’s capital assistance, especially for poor farmers, government may bear some of the cost of production to produce food by providing working capital assistance in the form of a special program financing.
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Maulidi, Teguh Rochmat, Taufiq C. Dawood, and Miksalmina Miksalmina. "Credit, Fiscal Policy, and Income Inequality: Empirical Study from Indonesia." International Journal of Business, Economics, and Social Development 3, no. 2 (May 11, 2022): 93–98. http://dx.doi.org/10.46336/ijbesd.v3i2.202.
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This paper investigates the relationship between credit, fiscal policy and income inequality in Indonesia. Annual data collected from Central Statistic Bureau is used from 2010 to 2020. The analytical method of this research is Genralized Least Square (GLS) to examine the relationship between variables. The results show that credit positively and significantly affects income inequality. Local government spending which is a proxy for fiscal policy has a significant and positive effect on income inequaity. The inflation variable has a significant positive effect on income inequality. However, the Gross Regional Domestic Product (GDRP) per capita has a significant negative effect on income inequality. Based on these findings, it is recommended that the government be able to maintain the momentum of the increasing trend of economic growth by providing the right stimulus, among others by providing access to credit that is easier to reach for the low-income class. In addition, local government expenditure allocations should be better allocated to provide benefits for increasing community income, such as social assistance in the form of direct assistance or free job training by utilizing job training centers tailored to each region's potential.
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Adrian, Arief. "HIBAH KEPADA LEMBAGA YUDIKATIF DAN KEPATUHAN PEMERINTAH DAERAH MEMULIHKAN KERUGIAN KEUANGAN DAERAH." JURNAL DINAMIKA EKONOMI PEMBANGUNAN 4, no. 1 (August 2, 2021): 15–36. http://dx.doi.org/10.14710/jdep.4.1.15-36.
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Many local governments have discretionary spending (such as grants) on judicatory institutions such as police, attorney, and court. The grant potentially creates a bond between local government and judicatory institutions, reduces the objectivity of law enforcement, and hence affects regulatory compliance. This study attempts to identify whether or not grants on regional judicatory institutions are correlated with local government compliance in recovering regional finance loss. Using 2,426 observations from 508 districts in Indonesia from 2014-2018, we find that grants on judicatory institutions are negatively correlated with local government compliance in recovering the regional financial loss. This study calls for improvement in regulations in grant spending to improve the governance of the local government budget.
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Nurlina, Nurlina. "The effect of government expenditures on Indonesia economic growth." Journal of Economics, Business & Accountancy Ventura 18, no. 1 (June 1, 2015): 1. http://dx.doi.org/10.14414/jebav.v18i1.377.
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The debate on the effect of government expenditure on economic growth has still happened in relation to classical groups and Keynesians view. The aim of this study confirms the relationship, with the application of the case in Indonesia. Gov-ernment expenditures are aggregated, while economic growth is measured by gross domestic product. With time series design, the secondary data used covers the period of 2004 to 2013. At first, the data were analyzed descriptive-graphics, while the hypothesis testing using t-test. The results obtained indicate that government spending has a positive and significant influence to economic growth. Thus, spend-ing and investment forms by government as a form of fiscal policy must be done with great caution in order to avoid misallocation or inequality in the distribution of inter-sector development, given the importance of its role as a pending national economic growth.
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Prasetyani, D., T. R. Putro, and A. C. T. Rosalia. "Impact of CO2 emissions on GDP per capita, FDI, forest area and government spending on education in Indonesia 1991-2020: The GMM methods." IOP Conference Series: Earth and Environmental Science 905, no. 1 (November 1, 2021): 012131. http://dx.doi.org/10.1088/1755-1315/905/1/012131.
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Abstract The economy is considered an efficient way to materialize, but the relationship between CO2 emissions and economic growth has not been systematically explained. In this study, we will build a model that formalizes the interaction between CO2 emissions and GDP per Capita, FDI, Forest Area and Government Spending on Education used to revisit the trade-off between economic growth and the environment or a green economy. The model captures an essential feature of the continuous innovation process, which is path dependencies. First, this research will create a data analysis using the System GMM Estimation. Second, we will evaluate GDP per Capita, FDI, Forest Area and Government Spending on Education spending on green growth. The results of this study are expected to be a government policy to increase green economic growth.
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Husnulwati, Sri, and Susi Yanuarsi. "KEBIJAKAN INVESTASI MASA PADEMI COVID-19 DI INDONESIA." Solusi 19, no. 2 (May 1, 2021): 183–93. http://dx.doi.org/10.36546/solusi.v19i2.364.
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The Investment is all forms of investment activities, either by domestic investors or foreign investors to conduct business in the territory of the Republic of Indonesia. The basic policy on investment regulations is in line with one of the goals of forming a state government, namely, to advance the general welfare. During the Covid-19 pandemic in Indonesia, which has caused people's purchasing power to decline in consumption activities, it is necessary to encourage government spending and additional investment. Investment policies must make it easy for investors to invest in Indonesia. Law Number 11 of 2020 concerning Job Creation provides convenience in investing, especially in licensing issues. The Job Creation Law is expected to increase investment in Indonesia.
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Sriyanto, Agus, Sri Murwani, and Eleonora Sofilda. "Government Stimulus Policy Effects to Foster Indonesia's Economic Growth: Evidence from Seventeen Years' Experience." Signifikan: Jurnal Ilmu Ekonomi 10, no. 1 (March 14, 2021): 63–76. http://dx.doi.org/10.15408/sjie.v10i1.15480.
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We study the budget stimulus effects and government spending to help foster the recovery of Indonesia's current economic growth that was hit by the monetary crisis 1997 and 2008. Using government spending allocation policies through capital expenditures, infrastructure expenditures, financing through government debt, private debts, and increased productivity through export and import activities. This research provides to proves the extent to which macroeconomic variables could promote Indonesia's economic growth due to the crisis—using quantitative analysis of time series in the analysis of cointegration autoregressive distribution lag and bounds testing cointegration starting from 2001 Q4 to 2018q4 data. We can prove that in the short term, the most influential factor in economic growth is the first lag of the GDP growth itself; The first lag of exports, and the first lag of government spending and imports. However, some factors still negatively affect corruption control, government effectiveness, and government debt. While in the long term, government expenditure and imports still have a positive effect, but corruption control is still hurt GDP.JEL Classification: G18, O47How to Cite:Sriyanto, A., Murwani, S., & Sofilda, E. (2021). Government Stimulus Policy Effects to Foster Indonesia's Economic Growth: Evidence from Seventeen Years' Experience. Signifikan: Jurnal Ilmu Ekonomi, 10(1), 63-76. https://doi.org/10.15408/sjie.v10i1.15480.
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Wilantari, Regina Niken, and Imro'atul Husna Afriani. "Monetary and fiscal policy mix connectivity towards the business cycle in Indonesia." Jurnal Perspektif Pembiayaan dan Pembangunan Daerah 9, no. 2 (June 30, 2021): 139–52. http://dx.doi.org/10.22437/ppd.v9i2.11489.
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This research is based on the magnitude of the influence of monetary and fiscal aspects, namely the money supply, exchange rates, government spending, and taxes on the business cycle in Indonesia. This study aims to examine the effect of the connection between the monetary and fiscal policy mix on the business cycle in Indonesia. For analysis purposes, secondary data was used in the form of time-series data from 1970–2017. The method used is the Vector Error Correction Model (VECM) to see long-term and short-term relationships. In the estimation results, it is found that in the long-term period, the monetary variables (money supply and exchange rates) and fiscal variables (government expenditures and taxes) have a significant positive effect on the business cycle in Indonesia.In contrast, the monetary variables that have a significant effect in the short-term period are only the amount variable money supply. There are no fiscal variables that have a significant effect on the business cycle in Indonesia. The interaction of monetary and fiscal policies is still effectively implemented in Indonesia.
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Purmini, Purmini, and Roosemarina Anggraini Rambe. "Labor and Government Policies on Poverty Reduction in Sumatera Island, Indonesia." Jurnal Ekonomi Pembangunan 19, no. 1 (July 3, 2021): 61–74. http://dx.doi.org/10.29259/jep.v19i1.13775.
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This study aims to analyze the effect of agricultural workers, education level, female workers and the role of government policies on poverty rate in Sumatra. Observations were made in 151 districts/cities in Sumatra during the period 2013-2015 and 2017-2018. The approach used is a panel data regression model. The method applied is random effect. The findings show the labor in the agricultural sector has a significant and positive effect on the poverty rate in Sumatra, while the level of education and government spending has a significant and negative effect on the poverty rate. The policy implication is that it is necessary to increase labor productivity in the agricultural sector and other industries that are more efficient. The government also needs to strengthen the agricultural sub-sector in order to have better value-added products. Optimizing and improving basic services such as education, health, economic and social.
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Kartika, Metasari. "Public Service and Micro-Small Enterprise Developments in Indonesia." Integrated Journal of Business and Economics 3, no. 1 (January 5, 2019): 108. http://dx.doi.org/10.33019/ijbe.v3i1.103.
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This study aims to analyze the influence of public service on the Micro-Small Enterprise (MSE) developments in Indonesia. The study method used was regression analysis panel data with fixed effect approach; because of the limited data availability, the data was only taken from 2013-2015. The study findings show that public service and education projected by gross participation data have a positive influence on the development of MSE, while the economic growth and minimum wage policy have a negative influence on the development of MSE in Indonesia. Based on those findings, this study concludes that the public service in the form of government spending allocation policy, especially on the service and economic functions, will stimulate the increase of MSE numbers.
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Salam, Mursal, Muhd Fauzi Abd Rahman, Sharifah Norzehan Syed Yusuf, Jamaliah Said, and Wihana Kirana Jaya. "An Institutional Explanation of the Role of Legislature Accountability in Local Government Budgetary Decision-Making." Asia-Pacific Management Accounting Journal 17, no. 3 (December 31, 2022): 139–67. http://dx.doi.org/10.24191/apmaj.v17i3-06.
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Legislature plays an important role to ensure accountability in the budgetary decision-making of the Indonesian local government. The legislature's accountability role in budgetary decision-making concerns the Indonesian local government. Thus, this research investigated the legislature’s accountability role in the budgeting process and institution's budgetary decision-making. It also examined the planning and budgeting documents in the budget policy-making by the legislature from the Institutional perspective. This research used a qualitative approach and selected three (3) local governments in Indonesia as case study sites. The three case study sites selected represented local governments with high, medium and low fiscal capacity. Data were collected using interviews with 19 budget actors from the three case study sites. The findings revealed institutional weaknesses in the form of norms and rules about legislature in their regional decisions. The regional decision-making and discussions or forums on budget spending and financing among the legislature were found to be politically driven and lacked focus on technical matters such as value for money. The findings of this research provide some basis for strengthening the regulation by central government authorities regarding the role of the legislature in decision-making based on the principles of transparency and accountability. Keywords: legislature, local government, budgetary decision
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Saptono, Prianto Budi, and Ismail Khozen. "Income Tax Policy Amidst Covid-19 Pandemic: Quo Vadis Indonesia?" AKRUAL: Jurnal Akuntansi 14, no. 1 (September 26, 2022): 17–29. http://dx.doi.org/10.26740/jaj.v14n1.p17-29.
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Social distancing policies are a common measure taken by many countries worldwide to prevent the spread of Covid-19 cases. However, the consequence is that the income generated by many people is limited and tends to widen inequality. In a similar situation, many governments need more significant spending to save both health and economy. Given the difficult situation for many people, especially in generating income, this study analyzes the international best practice of income tax policies amidst the Covid-19 pandemic. Besides, this study analyzes how the income tax policy in Indonesia responds to the Covid-19 pandemic and its prospects. The research method used to conduct this study is descriptive qualitative. The results show that income tax policies are one of the most crucial matters that countries worldwide can do to deal with the pandemic. These policies vary from tax relief, recovery-oriented stimulus, and tax increases. Concerning the situation in Indonesia, policies need to be directed at evaluating the income tax policies that have been adopted so far. Individual income tax increases in the upper bracket and the introduction of new taxes such as carbon tax may be essential considerations to save the economy and health. However, the government also needs to manage sensitive issues such as corruption to win people's support to recover from the pandemic.
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Adiningsih, Sri. "The Impact of Government Debt Issuance on Short-Term interest rates in Indonesia." Gadjah Mada International Journal of Business 11, no. 3 (August 12, 2009): 301. http://dx.doi.org/10.22146/gamaijb.5521.
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This paper analyzes whether the expansionary fiscal policy funded by issuing debt instruments in financial markets will increase short-term interest rates. If the expansionary fiscal policy increases interest rates, which decrease private spending especially investment, crowding out occurs. This is interesting because global economic crisis has encouraged many countries to run large budget deficits to stimulate the economy. Indonesia has also run budget deficit during this crisis and even in years before. The impact of such a policy can be significant because Indonesia’s debt market is still narrow and shallow. Therefore, its capability of absorbing the government debt instruments without influencing the private sector funding is limited. This study tests whether the crowding out occurs in Indonesia using a time series econometric model inspired by Cebula and Cuellar’s model. The Cointegration Regression and Error Correction Model (ECM) are used in this study. Monthly data from April 2000 to December 2008 are used for overnight real interbank call money interest rates, real net government bond issues in trading, real narrow money supply, real rate of one-month Certificate of Bank Indonesia, growth of Gross Domestic Product, and real net international capital flows. This empirical study shows that the crowding out problem occurred in Indonesia during the period. This indicates that financing budget deficit in Indonesia by issuing debt instruments in the financial markets has a negative impact on the private sector.
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Putra, Fadillah. "Social spending and democratic institutions in Southeast Asia." International Journal of Development Issues 18, no. 3 (September 2, 2019): 381–95. http://dx.doi.org/10.1108/ijdi-12-2018-0210.
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Purpose This paper aims to analyse how democratic institutions affects social spending formations in the context of developing countries. Furthermore, this essay will also challenge the theory that the government system (majoritarian versus consensus democracy) influences the magnitude of social spending and welfare commitment, especially in Southeast Asian democracies, namely, Indonesia, Malaysia, Thailand and the Philippines. Design/methodology/approach This research uses descriptive statistics and qualitative data to match social spending with the development of democratisation in four cases. Findings The main argument is whether the presence of democratic institutions encourages the government to be more open, citizen-oriented and responsive or whether the inclusive political conditions will create more open public participation in the policymaking process. Thus, in the context of developing countries, public participation will be more likely to demand social policies. Research limitations/implications It has not been able to undertake a more detailed impact evaluation assessment of the development and change of democratic institutions towards policy outcomes within a shorter temporal scope. In addition, this thesis does not also provide details or explanations about the interaction process between particular democratic institutions and specific social policy sectors. Practical implications The process of interactions between particular electoral systems. For instance, the contribution to the emergence of policy in the health services sector or conducting research in normative democratic institutions such as public awareness of the importance of public participation in shaping and directing the implementation of poverty reduction policies could be studied, by using the historical institutionalism approach. Originality/value The impact of certain political institutions on public policy has become a very important discussion in the new institutionalism perspective. Social policy (social spending) as a manifestation of government’s commitment towards welfare is the result of institutional arrangement. In the context of developing countries, where social policy is needed to fulfill the basic needs of citizens, it is important to identify what kind of institutional formations are conducive to the development of social policy. This essay will analyse how democratic institutions affects social spending formations in the context of developing countries.
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Shinta, Innes Clara, and Akhmad Solikin. "THE INFLUENCE OF CAPITAL EFFICIENCY AND EDUCATION SPENDING ON INDONESIA’S ECONOMIC GROWTH." International Journal of Economics, Business and Accounting Research (IJEBAR) 6, no. 2 (June 26, 2022): 817. http://dx.doi.org/10.29040/ijebar.v6i2.4922.
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The efficiency of translating capital toward economic growth has been contested in Indonesia, especially when the economic policies could not achieve economic growth targets. In addition, budget allocation for education sector as a human capital investment is substantial and needs to be assessed its the impact on the economic growth. This research examines relationship between capital efficiency measured by the incremental capital output ratio (ICOR) and education spending on economic growth using 2015 to 2019 data for 34 provinces in Indonesia. Analyses were performed using Pearson correlation and panel data regression. The results show that ICOR has a negative correlation with economic growth for majority of provinces. Regression results show that ICOR negatively affects economic growth, while education spending positively affects economic growth, as expected by theory. The results suggest that the government policy to induce economic growth can be achieved by reducing the value of ICOR as well as to allocate the education spending.
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Sambodo, Novat Pugo, Eddy Van Doorslaer, Menno Pradhan, and Robert Sparrow. "Does geographic spending variation exacerbate healthcare benefit inequality? A benefit incidence analysis for Indonesia." Health Policy and Planning 36, no. 7 (June 2, 2021): 1129–39. http://dx.doi.org/10.1093/heapol/czab015.
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Abstract The Indonesian government has made some ambitious steps to achieve Universal Health Coverage through the newly formed National Health Insurance [Jaminan Kesehatan Nasional (JKN)], establishing a single-payer insurance agency and prospective provider payment mechanism. This study aims to assess the benefit incidence of healthcare funding in the JKN era, and its distribution by socio-economic status considering regional variation in unit costs. We evaluate whether the benefit incidence of funding is skewed towards urban and wealthier households. We also investigate whether standard benefit incidence analysis using national unit costs underestimates regional disparities in healthcare funding. Lastly, we examine whether the design of the JKN provider payment system exacerbates regional inequalities in healthcare funding and treatment intensity. The analysis relies on Indonesia’s annual National Socio-economic Survey (Susenas) and administrative data on JKN provider payments from 2015 to 2017, combined at district level for 466 districts. We find that the benefit incidence of healthcare expenditure favours the wealthier groups. We also observe substantial variation in hospital unit costs across regions in Indonesia. As a result, standard benefit incidence analysis (using national average unit transfers) underestimates the inequality due to regional disparities in healthcare supply and intensity of treatment. The JKN provider payment seems to favour relatively wealthier regions that harbour more advanced healthcare services. Urban dwellers and people living in Java and Bali also enjoy greater healthcare benefit incidence compared to rural areas and the other islands.
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Anas, Muhammad. "Reforming Spending Policy and Its Impact on Indonesia’s Economy: The Case of Fuel Subsidy and Infrastructure." Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan 20, no. 1 (February 15, 2019): 12–27. http://dx.doi.org/10.23917/jep.v20i1.7733.
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The quality of Indonesia’s infrastructure up until 2014 was considered uncompetitive, and one of the reasons was that there was not enough money spent on infrastructure, and too much on fuel subsidy. In November 2014, the government of Indonesia decided to cut the expenditure for fuel subsidy and reallocate the money to invest on public services. This study was conducted with the intention to quantify the impact of the program on economic growth and income distribution in Indonesia using Social Accounting Matrix (SAM) model. Simulation results indicated that the impact from social and human capital infrastructure was bigger than that of economic infrastructure, although the simulation for both categories resulted in an increase of sectoral output and domestic income. Therefore, improving infrastructure, especially social, is vital to stimulate economic activity in the long run.
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Azaki, Naufal, and Achmad Lutfi. "Green Infrastructure Investment Governance: A Literature Review and Lesson for Indonesia." Technium Social Sciences Journal 36 (October 8, 2022): 61–74. http://dx.doi.org/10.47577/tssj.v36i1.7486.
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Green and climate resilience infrastructure have received widespread attention because of their central role in climate change adaptation and mitigation. Many works of literature emphasize the importance of climate governance, primarily in terms of funding. On the other hand, the world faces a funding gap because government spending cannot fully support infrastructure needs. This underlies the need for private participation in infrastructure development, especially green infrastructure, to address climate change. This study uses a qualitative approach with a literature review method on various related literature and refers to the framework of Corfee-Morlot et al. (2012) and aims to analyze the policy dynamics, governance, and instruments needed as lessons for Indonesia. The green infrastructure investment policy framework can be developed through 5 (five) main approaches; alignment of policy goals and targets, policies that enable investment to grow through incentives, development of investment schemes/financial instruments, strengthening the alternative resources and institutional capacities, and promotion of the importance of green investment.
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Akhyar, Muhammad, Sofyan Syahnur, and Asmawati Asmawati. "ANALISIS INTERAKSI KEBIJAKAN FISKAL DAN MONETER TERHADAP PEREKONOMIAN INDONESIA." JURNAL PERSPEKTIF EKONOMI DARUSSALAM 5, no. 2 (September 29, 2019): 112–23. http://dx.doi.org/10.24815/jped.v5i2.15080.
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The Purpose of this research is to determine the balance of income and interest rate in both money market and goods market in improving economic performance shown through some macro economic indicators. The method used is simultaneous equation method and completed with Two Stage Least Square. The data in this study constitutes Indonesia's economic data from 1986 to 2015 drawn from secondary data sources such as Bank Indonesia (BI), Central Bureau of Statistics (BPS), and World Bank . The results show that the balance occurs at the national income level of 211.243,69 billion Rupiah with an interest rate of 3.86% and the more dominant fiscal policy currently applied in the economy. This IS-LM model can help the government in making policy to predict what happens to outputs and the aggregate interest rate if the government decides to increase government spending and increase the money supply. Keywords: Aggregate output, interest rate, fiscal policy, monetary policy, good market, money market, IS-LM. ABSTRAK Penelitian ini bertujuan untuk mengetahui keseimbangan pendapatan dan tingkat bunga baik di pasar uang maupun pasar barang dalam meningkatkan kinerja perekonomian yang ditunjukkan melalui beberapa indikator makro ekonomi. Metode yang digunakan menggunakan persamaan simultan dan diselesaikan dengan Two Stage Least Square. Data dalam penelitian ini merupakan data perekonomian Indonesia dari tahun 1986 – 2015 yang diambilkan dari sumber data sekunder baik seperti Bank Indonesia(BI), Badan Pusat Statistik (BPS), dan World Bank. Hasil penelitian menunjukkan bahwa keseimbangan terjadi pada tingkat pendapatan nasional sebesar Rp211.243,69 milyar dengan tingkat bunga sebesar 3.86% dan kebijakan fiskal lebih dominan saat ini diterapkan dalam perekonomian. Model IS-LM ini dapat membantu pemerintah dalam membuat kebijakan untuk memprediksikan yang terjadi pada output dan tingkat bunga agregat jika pemerintah memutuskan untuk meningkatkan pengeluaran pemerintah maupun meningkatkan jumlah uang beredar.
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Zainal, Mirzalina, Insukindro Insukindro, and Akhmad Makhfatih. "Fiscal Cyclicality Under State Finances Law in Indonesia." Jurnal Ekonomi dan Studi Pembangunan 14, no. 1 (March 24, 2022): 109. http://dx.doi.org/10.17977/um002v14i12022p109.
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This study aims to analyze the cyclicality of fiscal policy under state finances law in Indonesia. The Indonesian government officially enacted the 2003 and 2004 Laws on State Finances, and it regulates fiscal rules covering the amount of the budget deficit and balanced budget rules. This fiscal rule is expected to encourage fiscal cyclicality to become countercyclical and provide buffering to deal with various economic shocks. This study uses quarterly time-series data from 2001 to 2019. The years 2001-2004 are used as the years prior to implementing the State Finance Law. Moreover, 2005 – 2019 is the time to capture the effects of cyclicality after implementing the Law. This study uses a dynamic distributed lag model to see the effect of GDP on government spending behavior. This study indicates that fiscal cyclicality before implementing the Law on State Finance behaved acyclically. Meanwhile, after implementing the Laws, this fiscal behavior is still procyclical. It means that the fiscal rules have not been effective in changing the direction and behavior of the fiscal to be countercyclical.
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Ahmad, Fahmi Salam, Hermanto Siregar, and Syamsul Hidayat Pasaribu. "The Impact of El Nino on Inflation in Regional Indonesia: Spatial Panel Approach." Signifikan: Jurnal Ilmu Ekonomi 8, no. 1 (March 10, 2019): 51–70. http://dx.doi.org/10.15408/sjie.v8i1.7130.
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The study about the relationship between climate and economy is essential because it’s understanding is the key to formulate the effective economic policy. El Nino is one of the climate phenomena's that directly impact Indonesia, so it is necessary to analyze its effect on the macroeconomic condition such as inflation. This study aims to analyze the impact of El Nino as an external factor and the impact of another relevant economic factor on the macroeconomic condition such as inflation at the regional level (province) in Indonesia. The method used is a spatial panel method to capture the effect of inter-regional spatial interactions. The results show that El Nino has a positive effect on inflation in the southern Indonesian provinces that are affected by El Nino, but no effect in northern Indonesia. The other significant determinants of regional inflation are minimum wage, local revenue, local government spending, and infrastructure. There is significant spatial dependence on regional inflation in Indonesia, indicating that the inflations of its neighboring provinces influence the inflation of a province.
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Sari, Mely Novita, and Hadi Sasana. "THE EFFECT OF GOVERNMENT REVENUE AND EXPENDITURE ON ECONOMIC GROWTH." MARGINAL : JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES 2, no. 1 (September 1, 2022): 109–16. http://dx.doi.org/10.55047/marginal.v2i1.361.
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This study leads to an analysis of the relationship between exports, imports, and central government spending on the growth of the Indonesian economy. In this study, we selected periodic data throughout 1990-2020 obtained from the World Bank and Financial Notes. The ECM (Error Correction Model) analysis method is used in this study. Then tested using the stationary test, cointegration test, and the classical assumption test. This study obtained the results that export and import variables have an influence on economic growth in the short term, while central government spending has an influence on economic growth in the long term. Therefore, the researcher concludes that better government involvement in economic growth is needed for the economy to function smoothly. To avoid a negative trade balance, the government must be able to control both exports and imports, as well as budgetary spending. In this situation, the government is viewed as a policymaker and a state stakeholder, and it is hoped that it will make sound policy decisions that will benefit Indonesia's economy.
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Anas, Muhammad, Wahyu Widodo, and FX Sugiyanto. "Dampak Realokasi Anggaran Belanja Subsidi BBM untuk Pembangunan Infrastruktur terhadap Perekonomian Indonesia." Economics Development Analysis Journal 5, no. 4 (March 14, 2018): 426–43. http://dx.doi.org/10.15294/edaj.v5i4.22179.
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Kondisi dan daya saing infrastruktur Indonesia belum memadai akibat belanja infrastruktur yang terhambat karena membengkaknya anggaran subsidi BBM. Pada akhir tahun 2014, pemerintah mereformasi anggaran belanja dengan memangkas anggaran subsidi BBM dan meningkatkan anggaran pembangunan infrastruktur. Penelitian ini bertujuan menganalisis dampak realokasi anggaran belanja subsidi BBM untuk pembangunan infrastruktur terhadap perekonomian Indonesia. Dengan menggunakan data yang bersumber dari BPS dan Susenas, penelitian ini menerapkan aplikasi Sistem Neraca Sosial Ekonomi (SNSE) sebagai alat analisis untuk melihat seberapa besar dampak kebijakan bagi pertumbuhan ekonomi dan pendapatan rumah tangga. Hasil simulasi menunjukkan bahwa realokasi anggaran subsidi BBM untuk pembangunan infrastruktur sosial (seperti pendidikan dan kesehatan) berpengaruh lebih besar terhadap perekonomian Indonesia dibandingkan infrastruktur fisik (seperti jalan dan jembatan). Meski pertubuhan ekonomi yang diperoleh melalui hasil simulasi belum mencapai target pembangunan, namun dalam jangka panjang pembangunan infrastruktur diharapkan mampu mengakselerasi pertumbuhan ekonomi.
Indonesia’s infrastructure has been inadequate and not competitive due to the lack of infrastructure spending because of the consistently increasing budget for fuel subsidy. Therefore, at the end of 2014, Government of Indonesia (GoI) reformed their budgeting policy by diverting fuel subsidy’s budget to develop infrastructure. The purpose of this study was to analyze the impact of diverting Indonesia’s budgeting policy from fuel subsidy to infrastructure on its economy. Using data from Statistics Indonesia and National Survey of Social and Economy, this study applied Social Accounting Matrix (SAM) as the analytical tool to quantify the magnitude of the impact from the policy on Indonesia’s economic growth and household income. Simulation results indicated that developing social infrastructure (such as education and health) had a bigger impact on Indonesia’s economy than developing physical infrastructure (such as roads and bridges). Although the economic growth resulted from the simulation policy could not meet Indonesia’s target, infrastructure spending is expected to accelerate growth in the long run.
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Rafinda, Ascaryan, and Timea Gal. "COVID-19 PANDEMIC AND ITS IMPACT ON HOUSEHOLD FINANCIAL BEHAVIOR IN INDONESIA." Oradea Journal of Business and Economics 7, Special (June 2022): 77–85. http://dx.doi.org/10.47535/1991ojbe147.
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The global pandemic, previously only a health crisis, has been slowly causing the economic crisis. The government policy to lockdown and apply social distancing affected the social and economic lives of the countries. The policy affected businesses and led companies to lay off their employees. Many households were suffering economically because of this pandemic. This research aims to identify the changes in household financial behaviour during the covid-19 pandemic. This research is vital as it is the first to explore household financial behaviour during a pandemic which uses a quantitative method of an online survey with 635 participants in Indonesia. Participants’ perceptions on their behaviour during the most challenging time of covid-19 (mid-2020) were compared to their current behaviour and the differences were analysed thoroughly. The results show that spending and insurance behaviour did not change during the pandemic, but the saving and investment behaviour increased significantly during the pandemic. Pandemic warns people that they need investment and savings to survive in an emergency. As the pandemic is still ongoing and there were different government policies between the first and fourth waves, the impact on the economy and households needs to be examined in a more extended period.
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Imani, Safarinda, and Bahrina Almas. "ANALISIS KEBIJAKAN FISKAL EKSPANSIF PADA APBN DI INDONESIA PERSPEKTIF EKONOMI ISLAM." FreakonomicS: Journal of Islamic Economics and Finance 1, no. 1 (July 1, 2020): 56–66. http://dx.doi.org/10.36420/freakonomics.v1i1.18.
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Indonesia in the State Budget (APBN) adopts an expansive economic policy system in its financing, which is that state expenditure will be greater than state revenue, one of the ways to fulfill expenditure needs will be covered by financing, one of which is through the issuance of Government Securities (SBN). Indonesia adheres to the SBN system which is owed to the people themselves. Communities can participate in developing the country through the purchase of ORI, Retail Sukuk and Retail Saving Bonds which are included in sound financing. In an Islamic perspective spending is allocated to the more productive sectors, allocated to fa'i and kharaj sections, public ownership, shadaqah or zakah sections. In addition, expenditures are intended for governors, government officials who are financed from the revenue budget, then the budget is intended to maintain the fairness of the costs of education, public utilities and infrastructure. State debt from an Islamic perspective, interest-free and loans allocated to the central bank without interest, the goal is because interest contains interest and does not prosper the public, because interest is fluctuating.
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Basuki, Agus Tri. "FAKTOR PENDORONG PERTUMBUHAN EKONOMI DAERAH DI INDONESIA." Buletin Ekonomi: Manajemen, Ekonomi Pembangunan, Akuntansi 18, no. 2 (October 23, 2021): 121. http://dx.doi.org/10.31315/be.v18i2.5601.
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This study aims to examine the role of fiscal policy and macro variables in encouraging regional economic growth in Indonesia. This study uses panel data regression using a sample of 18 provinces in Indonesia. Research supporting data sourced from the Indonesian Central Bureau of Statistics and the Ministry of Financeof the Republic of Indonesia from 2008-2017. The results showed that local government spending on education, health, agriculture, and fisheries and maritime affairs had a positive effect on economic growth, but the effect was less effective in promoting economic growth. To overcome the ineffective role of fiscal policy in promoting economic growth, the central and regional governments must change budgeting from a traditional approach to a budgeting approach to performance. Based on the regional financial management law, regional leaders have power over regional budget management, but in the use of the budget it must be used for the maximum welfare of the people. Meanwhile, the role of foreign investment in promoting economic growth is very low. The government's role in overcoming the low role of foreign investment is only to provide business permits for pro-laborintensive foreign investment.Penelitian ini bertujuan untuk menguji peran kebijakan fiskal dan variabel makro dalam mendorong pertumbuhan ekonomi daerah di Indonesia. Penelitian ini menggunakan regresi data panel dengan menggunakan sampel dari 18 provinsi di Indonesia. Data pendukung penelitian bersumber dari Badan Pusat Statistik Indonesia dan Kementerian Keuangan Republik Indonesia tahun 2008-2017. Hasil penelitian menunjukkan bahwa belanja pemerintah daerah untuk pendidikan, kesehatan, pertanian, serta perikanan dan kelautan berpengaruh positif terhadap pertumbuhan ekonomi, namun pengaruhnya kurang efektif dalam mendorong pertumbuhan ekonomi. Untuk mengatasi tidak efektifnya peran kebijakan fiskal dalam mendorong pertumbuhan ekonomi, pemerintah pusat dan daerah harus mengubah penganggaran dari pendekatan tradisional menjadi pendekatan penganggaran menuju kinerja. Berdasarkan undang-undang pengelolaan keuangan daerah, pemimpin daerah memiliki kewenangan atas pengelolaan anggaran daerah, namun dalam penggunaan anggarannya harus digunakan untuk sebesar-besar kemakmuran rakyat. Sedangkan peran investasi asing dalam mendorong pertumbuhan ekonomi sangat rendah. Peran pemerintah dalam mengatasi rendahnya peran penanaman modal asing hanya memberikan izin usaha bagi penanaman modal asing yang pro padat karya.
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Priyarsono, D. S., Budi Asih, and Neli Agustina. "Desentralisasi Fiskal, Tax Efiort dan Pertumbuhan Ekonomiz Studi Empirik Kabupaten/Kota di Indonesia 2001-2008." Jurnal Ekonomi dan Pembangunan Indonesia 11, no. 1 (July 1, 2010): 21–34. http://dx.doi.org/10.21002/jepi.v11i1.179.
Full textAbstract:
Indonesia has implemented a new policy of regional autonomy and fiscal decentralization for almost ten years. One of the objectives of this fiscal decentralization is to give the full autonomy to local governments in spending and managing their revenues. The local governments have the authority to explore and collect their own-source revenue ('Pendapatan Asli Daerah', or PAD), i.e. through the improvement of their tax effort. The objectives of this study are: (i) to describe the fiscal performance of districts and municipalities in Indonesia, both in the revenue as well as the expenditure sides, (ii) to analyze the effects of intergovernmental transfers (’dana perimbangan', or balancing fund from the central to regional governments) on regional tax efforts, and (iii) to identify the regional economic growth elasticity of intergovernmental transfers and own-source revenue. This study employs a panel data set of 336 districts and municipalities covering the whole area of Indonesia over the time period of 2001-2008. The results show a relatively low contribution of PAD to regional revenues, indicating high fiscal dependency of regional governments on the central government. Intergovernmental transfers positively effect tax efforts. The result of the elasticity analysis also indicates a positive role of the transfers as stimuli to economic growth.
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Faizah, Fikriya Afifiana. "THE ROLE OF LAW IN THE CONCEPT THEORY OF JUSTICE TO REBUILD NATION’S ECONOMY IMPACT OF COVID-19 OUTBREAK IN INDONESIA." Wacana Hukum 27, no. 1 (February 28, 2021): 1–8. http://dx.doi.org/10.33061/1.wh.2021.27.1.3831.
Full textAbstract:
The role of law in This study aims to obtain information about the role of law in
efforts to develop the country's economy due to the Covid-19
outbreak in Indonesia which is reviewed based on Theory of
Justice. The research method used is statute approach, the
method of data collection through literature studies and
qualitative normative data analysis techniques. The results of the
study indicate that Indonesian government has taken
extraordinary policies and steps in the context of saving the
national economy and financial system stability through various
relaxation policies relating to the implementation of the State
Budget (APBN), especially by increasing spending on health,
spending on social safety net, economic recovery, and strengthen
the authority of various institutions in the financial sector.
However, an oversight of the implementation of the policy is
needed so that it is in accordance with the principles based on
the General Principles of Good Governance to create justice for
equality before the law.. Keywords: Role of Law, State Economy, Impact of COVID-19 outbreaks
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Manapa, Esther Sanda, Eliyah Acantha M. Sampetoding, Monica Natalin, Benardo Sinambela, Dwi Ivana L. Sitohang, Yusrih Anugerah M. Ambabunga, and Valian Yoga P. Ardhana. "Analisis Terhadap Metode Kuliah Daring dan Biaya Tranposrtasi Mahasiswa Indonesia Dalam Masa Pandemi COVID-19." Journal Dynamic Saint 5, no. 2 (February 5, 2021): 985–91. http://dx.doi.org/10.47178/dynamicsaint.v5i2.1108.
Full textAbstract:
This study aims to analyze the effect of the Covid-19 pandemic on the applications and student expenditure during the pandemic. The Covid-19 pandemic caused the government through the Ministry of Education and Culture to announce teaching and learning activities carried out from home using the online method. There are several complaints with the use of online methods, one of which is opinion about the increase in fees for the purchase of data package pulses. The opinion said that student spending increased due to the purchase of data package pulses. This study tries to conduct a survey and analysis specifically comparing student costs before and after co-19. During a pandemic, students spend more credit than before the pandemic which is 10.8% on topping up. But it was revealed that spending on pandemic students was less than before the pandemic with the smallest percentage of 46.9%. While applications that are often used in online lecture methods are Google Classroom with 74.7%, Zoom 67%, and WAG 35.3%. It is hoped that this initial research can support and provide input to policy makers in education institutions during lectures during the pandemic.