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All Journal Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi KEUDA : JURNAL KAJIAN EKONOMI DAN KEUANGAN DAERAH Jurnal Pajak dan Keuangan Negara (PKN)
Renny Sukmono
Politeknik Keuangan Negara STAN
Economics, Econometrics & Finance

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THE ROLE OF VILLAGE-OWNED ENTERPRISES (BUMDes) TO RURAL DEVELOPMENT: A COMPARATIVE INSTITUTIONAL ANALYSIS I Gede Agus Ariutama; Acwin Hendra Saputra; Renny Sukmono
KEUDA (Jurnal Kajian Ekonomi dan Keuangan Daerah) Vol 3, No 3 (2018)
Publisher : Universitas Cenderawasih

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (308.079 KB) | DOI: 10.52062/keuda.v3i3.704

Abstract

Government intervention for village development is carried out with various policies. The establishment of BUMDes is one of the government's efforts to accelerate rural development, advance the local economy, and develop the village partnerships and/or third party’s partnerships. This study exploits comparative institutional analysis framework to examine further how institutional aspects can affect the application of BUMDes in the rural development. The institutional aspects of BUMDes utilization for rural development is worth emphasizing since it will be employed as a foundation between the actors in a specific social area (structure) in its various forms such as rules, norms, or a certain routine, and the institution as a form of authority for the social behavior of the village organization. Furthermore, the successful implementation of BUMDes in the rural development is also affected by how stakeholder system can manage the institutional aspects. The result of this study, from the standpoint of comparative institutional analysis, underlines: (1) the limited authority of the Ministry of Villages, Underdeveloped Regions and Transmigration for rural development suggests that this Ministry must establish a specific institutional arrangement with the Ministry of Internal Affairs and Ministry of Cooperatives and Small and Medium Enterprises as well as banking institutions; (2) The village government has not fully taken advantage of the flexibility of its institutional arrangement to use BUMDes as a source of rural development; and (3) there is considerable scope to increase the role of BUMDes. This paper will propose some practical advices while considering the existing institutional arrangement.
Pengaruh Tingkat Eselonisasi dan Besaran Anggaran yang Dikelola Terhadap Kualitas Pelaksanaan Anggaran Renny Sukmono
Jurnal Pajak dan Keuangan Negara (PKN) Vol 4 No 1 (2022): Pulih Lebih Cepat, Bangkit Lebih Kuat
Publisher : Politeknik Keuangan Negara STAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31092/jpkn.v4i1.1724

Abstract

Belanja yang dilakukan pemerintah seyogyanya diiringi dengan pola penyerapan anggaran yang ideal yang mampu memberikan stimulus bagi perekonomian. Penyerapan anggaran yang menumpuk di akhir tahun tidak diharapkan karena berpotensi menimbulkan kerugian negara. Kualitas pelaksanaan anggaran tercermin dari pola penyerapan anggaran yang dilakukan oleh satuan kerja. Dengan menggunakan sampel satuan kerja di lingkungan Kementerian Keuangan pada lingkup wilayah pembayaran KPPN ABC di Jakarta diketahui bahwa satuan kerja tidak melakukan penumpukan perncairan anggaran pada akhir tahun. Faktor tingkat eselonisasi dan besaran anggaran mempengaruhi kualitas pelaksanaan anggaran. Semakin tinggi tingkat eselonisasi, maka persentase penyerapan anggaran semakin rendah. Kinerja penganggaran merupakan salah satu komponen yang sangat membutuhkan komitmen, perhatian dan pengawasan atasan. Semakin jauh rentang kendali ini maka pengawasan akan semakin lemah. Satuan kerja dengan besaran anggaran kategori besar memiliki tingkat penyerapan paling tinggi. Kewaspadaan terhadap potensi dana yang tidak terealisasi mendorong satuan kerja dengan anggaran besar sebisa mungkin merealisasikan anggaran sesegera mungkin. Expenditures made by the government should be accompanied by an ideal budget absorption pattern that is able to provide a stimulus to the economy. Absorption of the accumulated budget at the end of the year is not expected because it has the potential to cause state losses. The quality of budget execution is reflected in the pattern of budget absorption carried out by work units. By using a sample of work units within the Ministry of Finance within the scope of the KPPN ABC payment area in Jakarta, it is known that the work units do not accumulate budget disbursements at the end of the year. The echelonization level factor and the budget amount affect the quality of budget execution. The higher the echelonization level, the lower the percentage of budget absorption. Budgeting performance is one component that really needs commitment, attention and supervision from superiors. The farther this span of control is, the weaker the supervision will be. Work units with large categories of budget have the highest absorption rates. Awareness of potential unrealized funds encourages work units with large budgets to realize their budgets as soon as possible.  
How do Government Expenditures by Function Affect Economic Growth? Evidence from Indonesia Rido Parulian Panjaitan; Renny Sukmono; Muhammad Syahrul Fuady; Nurfiryal Salsabila; Farhan Hadiantoro
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 21 No 1 (2026): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v21i1.2026.pp127-149

Abstract

This study addresses a key gap in the empirical literature on fiscal policy and economic growth: while numerous studies assess the impact of total government spending, few examine the differential effects of expenditures by function under the COFOG framework, particularly in emerging economies such as Indonesia. Understanding these functional impacts is essential for aligning budget priorities with long-term development goals, especially amid fiscal volatility and shifting political agendas. Using annual realized expenditure data by function from the Ministry of Finance for 2005–2023, this study employs a multiple regression model grounded in the Keynesian Growth Model and Endogenous Growth Model to evaluate the impact of functional spending on long-term economic growth. The analysis spans four presidential terms (Susilo Bambang Yudhoyono 2004–2014; Joko Widodo 2014–2024) and encompasses major domestic and global economic shocks during the period. Findings shows that Economic Affairs and General Public Services have consistently received the largest shares of Indonesia’s budget from 2005–2023, while Health accounts for a relatively small portion. Compared to OECD countries, which prioritize Social Protection, Indonesia’s spending pattern emphasizes Economic Affairs and Education, with allocations fluctuating significantly from year to year. Regression results show that only Health expenditure has a positive and statistically significant effect on economic growth, aligning with the role of human capital in long-term productivity. In contrast, Social Protection shows a negative significant effect, while major categories such as Economic Affairs, Public Order and Safety, and Education have no significant impact. These findings underscore that the quality, efficiency, and strategic orientation of spending, rather than its size, are critical for aligning fiscal policy with sustainable growth objectives.
Co-Authors Acwin Hendra Saputra Farhan Hadiantoro I Gede Agus Ariutama Muhammad Syahrul Fuady Nurfiryal Salsabila Panjaitan, Rido Parulian