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Ketangguhan APBN dalam Pembayaran Utang
This paper is designed to analyze the sustainability of the central government budget in the case of Indonesia over the period of 1999-2009. First, we explore the theoretical background of the fiscal sustainability. Second, we develop a model to capture some factors determining the fiscal sustainability. Unlike the previous studies, we use both domestic debt and foreign debt to assess the fiscal solvency. Finally, we estimate it empirically. Based on the quarterly data analysis, we concluded that the government budget is unsustainable. This is associated with domestic debt rather than foreign debt. They imply that the central government should manage the debts carefully including re-profile, re-schedule, and re-structure them in order to spread the excess burden in the future. Also, the fiscal risks should be calculated comprehensively in order to maintain solvency..Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| BEMP1304 | PSB lt.dasar - Pascasarjana | 2 |
| Penerbit | Jakarta: Bank Indonesia, Direktorat Riset Ekonomi dan Kebijakan Moneter 2011 |
|---|---|
| Edisi | Vol. 13, No. 4, Apr., 2011 |
| Subjek | Foreign debt Fiscal sustainability primary balance Domestic debt |
| ISBN/ISSN | 14108046 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 22 p. |
| Info Detail Spesifik | Buletin Ekonomi Moneter dan Perbankan |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |