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TECHNOLOGICAL INNOVATION IN PUBLIC FINANCIAL GOVERNANCE: A PUBLIC ECONOMIC PERSPECTIVE ON FISCAL EFFICIENCY AND TRANSPARENCY Fadillah Harmi; Revi Haryanti; Rayhan Agustin; Boni Saputra
Algebra : Jurnal Pendidikan, Sosial dan Sains Vol. 6 No. 1 (2026): Algebra : Jurnal Pendidikan Sosial dan Sains
Publisher : Yayasan Amanah Nur Aman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58432/d8m8r131

Abstract

Digital innovation in public financial management is one of the key drivers to achieve transparent, efficient, and fair fiscal governance. The purpose of this study is to analyze the application of digitalization in public financial management by studying best practices that have been implemented in Indonesia and around the world. The research method used is a literature study through the analysis of journals, books, and policy documents related to the subject. The results of the study show that the distribution of digital technologies, such as e-budgeting, e-audit, blockchain, and digital payment, reduce potential deviations in the field of moral guidelines, accelerate the public service process, and strengthen fiscal justice through budget equity. This article concludes that digital innovation must be supported by strengthening regulations, increasing the capacity of the apparatus, and public participation so that the goals of good governance can be achieved.    
COMPOSITE STOCK PRICE INDEX INCREASE: MOMENTUM OR MIRROR OF PUBLIC ECONOMIC STABILITY Ardhy Asyhabie; Rindu Wahyuni; Nadila Vhitra Januar; Boni Saputra
Algebra : Jurnal Pendidikan, Sosial dan Sains Vol. 6 No. 1 (2026): Algebra : Jurnal Pendidikan Sosial dan Sains
Publisher : Yayasan Amanah Nur Aman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58432/5890fp31

Abstract

Indonesia’s capital market exhibited a positive trend as the Composite Stock Price Index reached the 8,000 level during August-October 2025. This article examines whether that rise constitutes a short-term momentum driven by market sentiment and fiscal measures or instead reflects more fundamental public economic stability. Employing a literature review that synthesizes theoretical and empirical findings with emphasis on recent empirical studies while incorporating relevant seminal works the study also includes a case study of the government’s placement of IDR 200 trillion in state-owned banks (Himbara) on 12 September 2025. The case study is accompanied by a descriptive analysis of index movements and a simple event-study procedure to assess short-term market reactions. The review indicates that the Composite Stock Price Index is influenced by a mix of macro-fundamental factors (inflation, interest rates, exchange rates, and growth) and psychological or institutional factors (fiscal policy and government credibility). Although liquidity-enhancing fiscal action acted as a catalyst for sentiment-driven momentum, preliminary evidence suggests the index’s rise alone does not yet confirm medium-term public economic stability without corroborating improvements in macro-fundamental indicators.
OPTIMIZATION OF PUBLIC ECONOMIC POLICIES IN RESPONDING TO SOCIAL AND ECONOMIC INEQUALITY CHALLENGES IN INDONESIA POST COVID-19 PANDEMIC Shafira Ramadhani; Nasywa Dwi Aura; Reinohaadi; Boni Saputra
Algebra : Jurnal Pendidikan, Sosial dan Sains Vol. 6 No. 1 (2026): Algebra : Jurnal Pendidikan Sosial dan Sains
Publisher : Yayasan Amanah Nur Aman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58432/p4mxxm98

Abstract

The COVID-19 pandemic caused social and economic disparities in addition to a health crisis. Rising poverty levels, decreased purchasing power, and limitations on socio-economic mobility are some examples of these impacts. Public economic policy is an important tool for the government to restore social balance through resource distribution and the strengthening of fiscal policies. The aim of this study is to examine how effective post-pandemic public economic policies are and to develop optimization methods that can evenly improve societal welfare. The method used in this article is a qualitative approach focused on literature research, national statistical data, and scientific journals. The analysis results indicate that policies such as social assistance programs, incentives for small businesses, and increased public spending have improved economic stability, but they have not been fully effective in addressing structural inequality. Therefore, policy optimization should focus on implementing progressive taxes, improving public spending efficiency, and enhancing transparency and accountability in the fiscal system. It is hoped that this optimization can strengthen socio-economic resilience and generate inclusive and sustainable growth.