Robert A. Simanjuntak
Universitas Indonesia

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Recent lssues Regarding Indonesian Government Subsidiary Offshore Loans to Regions Simanjuntak, Robert A.
Economics and Finance in Indonesia Volume 52, Number 2, 2004
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (28.873 KB) | DOI: 10.47291/efi.v52i2.83

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Government Debt and Fiscal Sustainability: A Case Study of Indonesia 1988-2001 Simanjuntak, Robert A.; Panjaitan, Friska P.
Economics and Finance in Indonesia Volume 55, Number 3, 2007
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (28.873 KB) | DOI: 10.47291/efi.v55i3.117

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Kesinambungan Fiskal Indonesia Pada Masa Pandemi Covid-19 Imam Rusdiyantoro; Robert A Simanjuntak
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.v4i1.1706

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Indonesia's fiscal sustainability faces major challenges in efforts to reduce the negative impact of the Covid-19 crisis on the Indonesian economy. Using the fiscal reaction function, this study attempts to measure Indonesia's fiscal sustainability in the face of the crisis caused by the Covid-19 pandemic. Empirically, based on data from 1980-2021 and using OLS (Newey-West HAC) indicate that Indonesia's fiscal sustainability is maintained. The Government has strong and positive reaction to maintained fiscal sustainability which is reflected in the primary balance during the period of study. Countercyclical policies through expansionary fiscal policies during the Covid-19 crisis are indicated to have a negative effect on Indonesia's fiscal. For that, a strong and consistent primary balance surplus response is needed in the next few years to create fiscal space. This is important for Indonesia's fiscal policy to deal with shocks that may occur due to the ongoing global economic uncertainty. Kesinambungan fiskal Indonesia menghadapi tantangan besar dalam upaya mengurangi dampak negatif krisis Covid-19 terhadap perekonomian Indonesia. Studi ini dilakukan untuk mengukur kesinambungan fiskal Indonesia pada masa krisis Covid-19 menggunakan model fiscal reaction function. Berdasarkan data periode tahun 1980 sampai 2021, hasil estimasi yang dilakukan secara empiris dengan menggunakan OLS (Newey-West HAC) mengindikasikan bahwa fiskal Indonesia tetap terjaga kesinambungannya. Kondisi tersebut dibuktikan dengan reaksi fiskal yang positif dan kuat yang dilakukan oleh Pemerintah selama periode penelitian. Kebijakan countercyclical melalui kebijakan fiskal yang ekspansif pada masa krisis Covid-19 diindikasikan memberikan efek negatif pada fiskal Indonesia. Untuk itu, diperlukan respon surplus primary balance yang kuat dan konsisten dalam beberapa tahun ke depan untuk menciptakan ruang fiskal. Hal tersebut penting dilakukan dalam menghadapi shock yang mungkin terjadi akibat ketidakpastian ekonomi global yang masih berjalan.
Dinamika Utang Pemerintah dan Kesinambungan Fiskal di Indonesia Periode 1980-2005: Suatu Uji Perbandingan Tiga Pendekatan Ramadhan, Gaffari; Simanjuntak, Robert A.
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 8, No. 1
Publisher : UI Scholars Hub

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Economic crisis which happened several years ago has caused many impacts to Indonesia. One of these impacts is a huge amount of government debt. Particularly, the government debt whether from domestic or foreign is one of the instruments to finance government expenditure which can not befulfilled entirely by revenues from taxes. However, using the government debt to fund the government expenditure has consequences for the government to pay-back not only for the interest rate but also for the principal of debt which have maturity-date in the future. The purpose of this study is to analyze how far the development of the government debt dynamic from both domestic and foreign is correlated to fiscal sustainability. This study uses a case of Indonesia in period 1980-2005 which is divided into three periods: before crisis (/980-1997), crisis (1998-2000), and after crisis (2001-2005). In this study, we use Branson (1992) to analyze the government debt dynamic. In addition, we also use different approaches to have several comparisons in our analysis by Hamilton and Flavin (1986), Wilcox (1989), and Trehan and Walsh (1991). Besides that, we also conduct projection of the ratio of government revenue to GDP which is needed to support in decreasing of the ratio of government debt to GDP in the middle-term until 2010. In summary, this study shows that after the crisis, the dynamic movement of the government debt is decreasing continuously. Furthermore, the government debt and the primary deficit still stand on the sustainable path, or the right track. Equally important, in the middle-term, the ratio of government revenue to GDP is still needed to maintain in decreasing of the government debt from year to year. Generally, this study shows that fiscal condition in Indonesia after the crisis reflects sustainable and suitable to the assumption of Non-Ponzi Game.
Bagi Hasil Pajak Pertambahan Nilai: Sebuah Alternatif Penguatan Keuangan Daerah di Era Desentralisasi Simanjuntak, Robert A.
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 6, No. 2
Publisher : UI Scholars Hub

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