Open AccessThe Resilience of Indonesia’s State Budget against Central Government Debt
Author(s) -
Nugroho Suryo Bintoro
Publication year - 2020
Publication title -
jiap : jurnal ilmiah administrasi publik/jiap (jurnal ilmiah administrasi publik)
Language(s) - English
Resource type - Journals
eISSN - 2503-2887
pISSN - 2302-2698
DOI - 10.21776/ub.jiap.2020.006.02.20
Subject(s) - government debt , debt , internal debt , debt to gdp ratio , government revenue , debt levels and flows , revenue , external debt , economics , government (linguistics) , economic policy , deficit spending , financial system , business , finance , linguistics , philosophy
The growth of central government debt in Indonesia is the subject of endless discussion for both economists and experts in other fields. Although the government uses this debt in order to increase Indonesia's competence through infrastructure development, there are problems in the form of previous accumulated debts. This accumulative debt is known as the concept of “debt stock” which is assessed through Indonesia's fiscal resilience (APBN) to measure the repayment capacity of new debts that will be made in the future. This ability will be seen using long-term data from 1990 to 2016 which is reflected in the variables of central government debt, government spending and revenue so that it is known that Indonesia's central government debt can still be said to be sustainable and the Indonesian government should prioritize productive expenditures in order to increase government revenues.