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All Journal SENTRALISASI Economic Development Analysis Journal
Acwin Hendra Saputra
Polytechnic of State Finance STAN
Economics, Econometrics & Finance

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Macroeconomic Policy Responses to COVID-19: A Case of Indonesia Acwin Hendra Saputra; I Gede Agus Ariutama
SENTRALISASI Vol. 10 No. 2 (2021): Sentralisasi
Publisher : Universitas Muhammadiyah Sorong

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33506/sl.v10i2.1323

Abstract

The health crisis triggered by the COVID-19 virus has spread to a multidimensional crisis and has a domino effect on the socio-economic and financial sectors. The economic crisis as the impact of the COVID-19 pandemic has become increasingly severe because it was accompanied by lockdown and physical distancing policies which resulted in decreasing productivity in the economy. The purpose of this research is to describe the structured efforts taken by the Government of Indonesia in dealing with the impact of the COVID-19 pandemic. The policy combination adopted by the Government of Indonesia is in the form of policies to issue a series of regulations providing legal certainty and flexibility while still highlighting the accountability. Refocusing and budget reallocation are also taken by the government to provide more flexible space for Ministries/Institutions to contribute to managing the impact of COVID-19. Another policy is the issuance of three stimulus packages and the launch of the National Economic Recovery Program (PEN).
The Impact of Asian Games 2018 on Indonesian Economy Epson Prasetyo; I Gede Agus Ariutama; Acwin Hendra Saputra
Economics Development Analysis Journal Vol 10 No 4 (2021): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v10i4.44666

Abstract

Organizing the 18th Asian Games 2018 in Indonesia, specifically in DKI Jakarta, South Sumatra, West Java, and Banten spent a large amount of state and regional budget (APBN and APBD), which was more than Rp10 trillion in the 2018 fiscal year. The government policy to host the mega event and expend a large amount of budget in terms of government consumption and investment was expected to have an impact on the Indonesian economy, both directly and indirectly. Thus, this study aims to identify the impact of government expenditure using the 2010 Input-Output table issued and updated by the Central Bureau of Statistics in July 2019 with 17 sectors. The study found that the multiplier effect on the economy is greater than government expenditure with the manufacturing sector being the most affected sector by government spending with a value of six point seven trillion rupiah. In addition to the multiplier effect, this study also calculates the estimated Value Added Tax of government spending. The result of the estimated Value Added Tax potential is one point sixty one trillion rupiah. It can be concluded that the Asian Games 2018 brought positive impact on economy and government revenue in the form of taxation.
Co-Authors Epson Prasetyo I Gede Agus Ariutama