Heru Wibowo
Direktorat Jenderal Anggaran

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KAJIAN DAMPAK PERUBAHAN ASUMSI DASAR EKONOMI MAKRO TERHADAP SENSITIVITAS PEMBAYARAN BUNGA UTANG Heru Wibowo; Wido Lukasanto; Pujiastuti Pujiastuti; Hardaning Tyas Widito
Jurnal Anggaran dan Keuangan Negara Indonesia (AKURASI) Vol 2 No 2 (2018): Jurnal Sistem Penganggaran Sektor Publik
Publisher : Direktorat Jenderal Anggaran Kementerian, Keuangan Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1001.583 KB) | DOI: 10.33827/akurasi2018.vol2.iss2.art38

Abstract

The state budget has strategic roles due to its capability in setting fiscal policy, the amount of the government’s budget and national fiscal capacity, as well as maintaining fiscal sustainability, and enhancing accountability of the government. This study is aimed to analyze the impact of the change of basic macroeconomic assumptions towards the sensitivity of interest payment expenditure. By employing regression analysis, some conclusions can be drawn as follows: (1) the raise of 3 month SPN interest rates and the depreciation of Indonesian Rupiah to US Dollar lead to an increase of interest payment, (2) the raise of economic growth leads to a decrease of interest payment, (3) by employing a trend analysis, it can be concluded that the increase of domestic interest payment is predicted to grow more rapidly and dominate the portion of interest payment than foreign interest payment is. Abstrak Terkait dengan politik anggaran, Anggaran Pendapatan dan Belanja Negara (APBN) menduduki posisi strategis, karena memuat gambaran kebijakan fiskal dan besarnya anggaran, kemampuan keuangan negara, menjaga kesinambungan fiskal, dan meningkatkan akuntabilitas pemerintah. Kajian ini dimaksudkan untuk menganalisis dampak perubahan asumsi dasar ekonomi makro terhadap sensitivitas pembayaran bunga utang. Hasil kajian dengan menggunakan analisis regresi menyimpulkan bahwa (1) peningkatan tingkat suku bunga SPN 3 bulan dan pelemahan nilai tukar rupiah terhadap dolar AS dapat berdampak pada peningkatan pembayaran bunga utang, (2) peningkatan pertumbuhan ekonomi berdampak pada penurunan pembayaran bunga utang. Melalui analisis tren didapati kesimpulan bahwa kenaikan bunga utang dalam negeri diperkirakan tumbuh lebih cepat dan mendominasi pembayaran bunga utang jika dibandingkan dengan bunga utang luar negeri.
DAMPAK ALOKASI DANA DESA BAGI PEMBANGUNAN DAERAH DAN KESEJAHTERAAN MASYARAKAT Alfian Mujiwardhani; Heru Wibowo; Iman Tri Mulya
Jurnal Anggaran dan Keuangan Negara Indonesia (AKURASI) Vol 1 No 2 (2019): Jurnal Anggaran dan Keuangan Negara Indonesia (AKURASI)
Publisher : Direktorat Jenderal Anggaran Kementerian, Keuangan Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (434.802 KB) | DOI: 10.33827/akurasi2019.vol1.iss2.art52

Abstract

This study aims to evaluate the impact of the Village Fund allocation on the improvement of regional development, which is measured by improvements in physical capital, human capital, economy, and community welfare (economic growth, poverty, and unemployment). The Difference in Difference (DID) method is applied to estimate the effects of village fund allocation by comparing the changes in outcome between the district that get village fund allocation (intervention group) and the cities that did not (control group). The results of the study show that the Village Fund has an impact on improving the achievement of outputs in infrastructure, education and health services, as well as improving economic performance, but has not been able to improve welfare indicators. The Village Fund is expected to be able to increase economic growth in the short term, but it has not yet affected poverty and unemployment.