Quantitative Economics and Management Studies
Vol. 4 No. 5 (2023)

A Review of Examining the Financial Performance of Makassar City through the Regional Financial and Asset Management Agency

Zainuddin Rahman (Faculty of Economic and Business, Universitas Muslim Indonesia, Makassar)
Syamsu Nujum (Faculty of Economic and Business, Universitas Muslim Indonesia, Makassar)
Hukma Ratu Purnama (Faculty of Economic and Business, Universitas Muslim Indonesia, Makassar)



Article Info

Publish Date
25 Aug 2023

Abstract

This research delves into evaluating the Financial Performance of the Regional Budget (APBD) within the context of the Regional Financial and Asset Management Agency in Makassar City from 2019 to 2021. The study uses primary and secondary data sources using a quantitative descriptive approach. Primary data is garnered through meticulous on-site observations and comprehensive documentation, while secondary data is meticulously curated from diverse sources. The study's revelations bring to light an intriguing facet: the financial performance of Makassar City's local budget, assessed via the regional financial effectiveness ratio, registers below the 100 percent mark, thus underscoring a realm of suboptimal efficiency. A particularly compelling narrative unfolds in the Growth Ratio of the city's Local Own Source Revenue (PAD) from 2019 to 2021, with a notable ascent to 5.9433 percent. This substantial growth rate represents a remarkable stride forward when juxtaposed with the antecedent growth ratio, which had lingered at a mere 2.022 percent. Drilling down into the specifics, the Growth Ratio of Local Source Revenue (PAD) analysis delineates a modest 0.4 percent figure for 2019, catapulting to an impressive 6.08 percent in the pivotal year of 2021. Further enhancing the tapestry of insights, the breakdown of the Growth Ratio of Local Revenue Expenditure (PAD) paints a vivid picture: it stood at 9.94 percent in 2019, reflecting a substantial surge, and maintained a commendable trajectory at 7.89 percent in the subsequent year of 2021.

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Journal Info

Abbrev

qems

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Mathematics

Description

Journal of Quantitative Economics and Management Studies (QEMS) is an international peer-reviewed open-access journal dedicated to interchange for the results of high-quality research in all aspects of economics, management, business, finance, marketing, accounting. The journal publishes ...