Majapahit Journal of Islamic Finance dan Management
Vol. 6 No. 1 (2026): Islamic Finance and Management

Risk Management of the Free Nutritional Meal Program: Financial, Health, Social Perspectives

Ach Mezzaluna Rizky Irwinsyah (Sekolah Tinggi Ilmu Ekonomi Mahardhika, Surabaya, Indonesia)
Sundjoto Sundjoto (Sekolah Tinggi Ilmu Ekonomi Mahardhika, Surabaya, Indonesia)
Sri Rahayu (Sekolah Tinggi Ilmu Ekonomi Mahardhika, Surabaya, Indonesia)



Article Info

Publish Date
12 Feb 2026

Abstract

The Free Nutritional Meals (MBG) Program is a strategic government policy aimed at improving the quality of human resources through nutritional interventions. However, the complexity of budget management, food distribution, and the involvement of various stakeholders makes this program vulnerable to various risks. This study aims to analyze the implementation of risk management in the MBG Program from a financial, health, and social perspective, and its impact on financial performance and program sustainability. The study used a descriptive qualitative approach using interviews, observation, and documentation. The analysis was conducted based on the ISO 31000:2018 framework. The results indicate that the implementation of integrated risk management can improve budget efficiency, maintain food safety, and strengthen the program's social legitimacy. Risk management positively contributes to financial performance through increased transparency, accountability, and waste control. Furthermore, effective risk management supports program sustainability through funding stability and increased stakeholder trust. This study emphasizes the importance of integrating risk management in the governance of nutrition-based social programs.

Copyrights © 2026






Journal Info

Abbrev

majapahit

Publisher

Subject

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

Description

Majapahit Journal of Islamic Finance and Management (MJIFM) is a journal published by Department of Sharia Economics Universitas KH. Abdul Chalim Mojokerto Indonesia twice a year (June and December). The focus and scope have been adjusted to meet the high standards and wide coverage typical of ...