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Interpreting Fiscal Risk for Lack of Bank Indonesia’s Capital Yuli Indrawati
Jurnal Media Hukum Volume 28, Number 1, June 2021
Publisher : Fakultas Hukum Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jmh.v28i1.8712

Abstract

The research is focused on determining the government's obligation to meet the shortage of capital of Bank Indonesia (BI), as the central bank, in the National State Budget (APBN). The research analyzes the basis of the government's obligation to meet BI's lack of capital and a mechanism for fulfilling the government's obligations to cover BI deficiencies in line with the objectives of the APBN. This study uses a normative legal research method with a statute, interdisciplinary, and analytical approach. The result shows that the government's obligation to suffice BI's capital is intended to maintain BI's sustainability so that BI can continue to carry out its responsibilities and obligations to maintain monetary stability. Monetary stability has implications for economic stability and increases in people's welfare. In addition, the fulfilment of government obligations is contingent, limited and final. This obligation will only be born if BI is no longer able to overcome the lack of capital. The cause of the lack of capital is beyond BI's control, as evidenced by the results of an examination by the Supreme Audit Agency and requires the approval of the House of Representatives.
Kajian Desentralisasi Terhadap Kebijakan Privatisasi Badan Usaha Milik Negara (BUMN) Ahmad Risyad Fadli; Yuli Indrawati
SALAM: Jurnal Sosial dan Budaya Syar-i Vol 10, No 4 (2023)
Publisher : Faculty of Sharia and Law UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjsbs.v10i4.34073

Abstract

The 1945 Constitution mandates control over the country's economy to the government for the implementation of public welfare, but with the birth of the privatization policy, there was a delegation of authority from the government to the private sector over the country's economy, thereby reducing the role of the government. On the other side, the reduced role of the government does not eliminate its function as a state organizer and this must happen within the framework of decentralization. Meanwhile, the delegation of wealth becomes a discourse that can raise questions about privatization policies studied in the context of decentralization, especially privatization measures against BUMN. Privatization of BUMN is a policy that must be taken by the government so that the budgeting of the country's economy encourages an increase in sectoral business activities, and what needs to be underlined is that the delegation of authority in the privatization of BUMN does not eliminate the role of the government but the government is still given control in the form of supervision and regulation.Keywords: Privatization; Decentralization; The privatization of BUMN policy AbstrakUUD 1945 mengamanatakan penguasaan atas perekonomian negara kepada pemerintah demi terselenggaranya kesejahteraan masyarakat namun dengan lahirnya kebijakan privatisasi terjadi pelimpahan kewenangan dari pemerintah kepada swasta atas perekonomian negara sehingga mereduksi peran pemerintah. Disisi lain berkurangnya peran pemerintah tidak menghilangkan fungsinya sebagai penyelenggara negara dan hal yang demikian pasti terjadi dalam bingkai desentralisasi. Sementara itu, pelimpahan kewanangan tersebut menjadi diskursus yang dapat menimbulkan pertanyaan terhadap kebijakan privatisasi yang dikaji dalam konteks desentralisasi, terutama langkah privatisasi terhadap BUMN. Privatisasi BUMN menjadi kebijakan yang harus diambil oleh pemerintah agar penyelanggaran atas perekonomian negara untuk mendorong peningkatan dalam kegiatan usaha sektoral, dan yang perlu digarisbawahi pelimpahan kewenangan dalam privatisasi BUMN tidak serta menghilangkan peran pemerintah namun pemerintah masih diberikan penguasaan dalam bentuk pengawasan dan regulasi.Kata Kunci:Privatisasi; Desentralisasi; Kebijakan Privatisasi BUMN