Analisis Pengaruh Pembiayaan Surat Berharga Negara (SBN) Terhadap Tingkat Kemiskinan Indonesia: Masa Normal Dan Masa Pandemi Covid-19 (2020-2023)
Keywords:
SBN, pandemic, poverty
Abstract
When the country is experiencing a fiscal deficit, especially during a crisis, the issuance of government bonds is considered a necessity, predominantly to finance productive sectors. This paper aims to analyze the effect of financing originating from Government Bonds (SBN) on poverty levels in Indonesia. The analysis is carried out over a period from normal times (2012- 2019) to the Covid-19 pandemic crisis (2020-2022). The method of this study is explanatory research through a quantitative approach and multiple linear regression in this study using SPSS 25. The findings from this study are that there has been an increase in SBN and government allocation on social assistance spending. Generally, social assistance policies have also proven effective in reducing the percentage of poverty in the entire community, especially rural communities, yet have not been able to reduce urban poverty. Meanwhile, at the time of Covid 19 Pandemic, the increase of SBN cannot automatically eradicate poverty, as the social assistance budget does not have a significant effect on the percentage of poverty in urban areas.
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Ardagna, S. d. (2014). The Political Economy of the Greek Debt Crisis: A Tale of Two Bailouts. American Economic Journal: Macroeconomics, 6(4), 291-323.
Asteriou, D. P. (2021). Public Debt and Economic Growth: Panel Data Evidence for Asian Countries. Journal of Economics and Finance,(45), 270-287.
Balvociute, R. (2020). Social Assistance for Poverty Reduction in the EU Countries: An Aspect of Socio-Economic Sustainability. European Journal of Sustainable Development, 9(1), 469. Retrieved from https://doi.org/10.14207/ejsd.2020.v9n1p469
Barrientos, A. (2011). Social Protection and Poverty. International Journal of Social Welfare, 20(3), 240-249. Retrieved from https://doi.org/10.1111/j.1468-2397.2011.00783.x
Burnside, C. (2005). Fiscal Sustainability in Theory and Practice: A Handbook. World Bank.
Caner, M. a.-G. (2010). ). Finding the Tipping Point - When Sovereign Debt Turns Bad. World Bank Policy Research Working Paper. Retrieved from https://ssrn.com/abstract=1612407%20or%20http://dx.doi.org/10.2139/ssrn.1612407
Catao, L. A. (2005). Fiscal Deficits and Inflation. Journal of Monetary Elsevier. 52(3), 529-554.
Direktorat Jenderal Pengelolaan Pembiayaan dan Risiko/DJPPR. (2023). Paparan Evaluasi Kegiatan TA 2022 dan RKA RKA TA 2023 DJPPR. R. Disampaikan pada RDP dengan Komisi.
Dufrénot, G. G. (2016). Macroeconomic Imbalances, Financial Stress and Fiscal Vulnerability in The Euro Area Before The Debt Crises: A market view. Journal of International Money and Finance, 134-146.
Fournier, J.-M. H., & Nguyen, A. D. (2022, Agustus). The Fiscal Stance in Japan. International Monetary Fund. Retrieved from https://www.elibrary.imf.org/view/journals/001/2022/164/001.2022.issue-164-en.xml
Hanoatubun, S. (2020). Dampak Covid – 19 terhadap Prekonomian Indonesia. Journal of Education, Psychology, and Counseling, 146-153.
Juanda, B. d. (2022). Analisis Keberlanjutan Serta Pengaruh Surat Berharga Negara dan Faktor Lainnya Terhadap Pertumbuhan Ekonomi Di Indonesia. a. Indonesian Treasury Review: Jurnal Perbendaharaan, Keuangan Negara dan Kebijakan Publik,, 3(7), 239-254.
Junaedi, D. (2018). Hubungan Antara Utang Luar Negeri dengan Perekonomian dan Kemiskinan: Komparasi Antar Rezim Pemerintahan. Jurnal BPPK, 563-387.
Mi, Y. (2008). Social Assistance and Poverty Reduction in China. China Journal of Social Work, 1(2), 189-194. Retrieved from https://doi.org/10.1080/17525090802109703
Nyathi, L. C. (2022). Social Protection Responsive Measures to Mitigate Adverse Socioeconomic Effects of COVID-19 in Southern Africa. Emerald Publishing Limited, Bingley,, 11-26. Retrieved from https://doi.org/10.1108/978-1-80117-686- 620221003.
OCBC. (2021, Desember 23). Redaksi OCBC NISP. Retrieved from Pengertian SBN (Surat Berharga Negara), Jenis & Keuntungan: https://www.ocbc.id/id/article/2021/12/23/sbn-adalah
OSBC. (2023, February 2). Upaya Pemerintah Indonesia dalam Mengatasi Krisis Ekonomi. Retrieved from https://www.ocbc.id/id/article/2023/02/02/upaya-pemerintah-dalam-mengatasi-krisis-ekonomi
Ryandini, T. (2014). Pengaruh Dana Investasi Melalui Instrumen SUN dan SBSN terhadap Pertumbuhan Ekonomi Indonesia. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 6(1), 73-84. doi:https://doi.org/10.15408/aiq.v6i1.1369
Samputra, P. L. (2019). Efektivitas Bantuan Sosial Dalam Penanggulangan Kemiskinan Di Tengah Perlambatan Ekonomi Indonesia Dengan Pendekatan Nonparametrik. Jurnal Perspektif Ekonomi Darussalam.
Sinaga, E. L. (2022). Dampak Program Perlindungan Sosial terhadap Kemiskinan di Sumatra Utara. Jurnal Manajemen Perbendaharaan, 3(2), 116-131. Retrieved from https://doi.org/https://doi.org/10.33105/jmp.v3i2.416
Surhayadi. (2020). Periode Pandemi Covid-19.
World Bank, &. K. (2020). Revisiting The Impact of Government Spending & Taxes on Poverty & Inequality in Indonesia. In World Bank.
Published
2024-01-31
How to Cite
Greace Havana Tamba, Tarigan, G., Simanjuntak, H. I., Br Siahaan, V. T., Hamonangan Siallagan, & Christnova Hasugian. (2024). Analisis Pengaruh Pembiayaan Surat Berharga Negara (SBN) Terhadap Tingkat Kemiskinan Indonesia: Masa Normal Dan Masa Pandemi Covid-19 (2020-2023). JRAK (Jurnal Riset Akuntansi Dan Bisnis), 10(1), 151-160. https://doi.org/10.38204/jrak.v10i1.1813
Section
Articles
