Rizqi Haniyah
Politeknik Keuangan Negara STAN

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Indonesia Budget and Social Protections; Response to COVID-19 Pandemic Rizqi Haniyah; Fandy Anggara Putra
EcceS (Economics, Social, and Development Studies) Vol 8 No 2 (2021)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Alauddin Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/ecc.v8i2.25135

Abstract

This research aims to capture the government's response from the budget side facing an unprecedented health crisis. COVID-19 pandemic disrupts economic activities and negatively impacts the economy on the micro and macro scale. Data from the World Bank stated that Indonesia's poverty level increased from 9.8% to 10.2% during the first six months of the pandemic. The Government of Indonesia immediately responded to the situation by refocusing and expanding the government budget and building the stimulus package named The Covid-19 Pandemic and National Economic Recovery (PEN) to protect citizens' financial well-being and stabilize the macroeconomics condition. The expanded budget leads to the need to find the immediate resources to fulfill the budget deficits. Under the PEN program, the government supports impoverished people with social protection programs. The amount and the type of assistance were adjusted several times due to the spread of COVID-19 cases. Some problems also emerge during the implementation of the protection program, including corruption and recipient mistargeting. The government is expected to improve the program delivery mechanism and develop a system to update recipient data. Digital payment is considered the best way to deliver the benefit to the recipients in order to minimize corruption and accelerate distribution. Regarding the form of assistance, cash transfers are considered the better way to minimize corruption during the delivery process. The coordination between central and local governments should be enhanced to bring the updated data of beneficiaries. Keywords: Budget Allocation; Burden Sharing; COVID-19; National Economic Recovery (PEN); Social Protection; 
EVALUASI KRITERIA SPIN OFF: PROYEKSI NILAI KECUKUPAN DANA TABARRU INDUSTRI ASURANSI SYARIAH PENDEKATAN ARIMA Syanni Yustiani; Erny Arianty; Rizqi Haniyah
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 8, No 1 (2022): Vol 8, No. 1 (2022)
Publisher : Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1440.365 KB) | DOI: 10.34203/jimfe.v8i1.4902

Abstract

ABSTRAKPenelitian ini bertujuan untuk menganalisis kemampuan Unit Usaha Syariah (UUS) yang belum melaksanakan spin off untuk mencapai kecukupan dana tabarru sebesar 50% dari dana induk perusahaan pada pada akhir 2024, sesuai dengan aturan Undang-undang nomor 40 tahun 2014 tentang perasuransian. Subjek penelitian ini adalah sejumlah 44 unit usaha asuransi syariah yang belum melaksanakan spin off dengan induknya. Pengukuran ini dilakukan dengan memproyeksi perbandingan nilai dana tabarru unit usaha syariah yang belum spin-off dengan perusahaan induknya sampai dengan akhir tahun 2024 dengan menggunakan model ARIMA. Hasil penelitian menunjukkan bahwa walaupun rata-rata pertumbuhan dana kontribusi UUS setiap tahunnya relatif masih dalam dua digit, namun sampai dengan akhir tahun 2024 tidak ada UUS yang dapat mencapai nilai 50% dari nilai aset induk perusahaan. Kondisi ini karena perbedaan skala ukuran dana kontribusi antara UUS dan perusahaan induk yang sangat besar sehingga UUS harus mencapai nilai pertumbuhan yang sangat ekstrim besarnya diatas 100% agar dapat mencapai nilai proporsi aset yang ditentukan. Batas kriteria spin off nilai aset UUS sebesar 50% dari perusahaan induk tidak bisa diraih melalui pendekatan business as usual. Dengan demikian, regulator perlu melakukan evaluasi kembali atas kriteria spin-off tersebut.ABSTRACTThis study aims to analyze the ability of Sharia Business Units (UUS) that have not carried out a spin-off to achieve sufficient tabarru funds of 50% of the parent company's funds by the end of 2024, in accordance with the rules of law number 40 of the 2014 concerning insurance. The subjects of this research are 44 sharia insurance business units that have not carried out a spin-off with their parent.  This measurement is carried out by projecting a comparison of the value of tabarru funds of sharia business units that have not been spin-off with their parent companies until the end of 2024 using the ARIMA model. The results show that although the average annual growth of UUS contribution funds is still in the double digits, until the end of 2024 there are no UUS that can reach 50% of the value of the parent company's assets. This condition is due to the large difference in the size of contribution fund size between UUS and the parent company so UUS must achieve a very extreme growth value of above 100% in order to reach the specified asset proportion value. The spin-off criteria limit for UUS assets value of 50% from the parent company cannot be achieved through a business-as-usual approach. Thus, the regulator needs to re-evaluate the spin-off criteria.