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Abstract

This research is conducted to investigate the correlation of fiscal deficit to economic growth in Indonesia during 1990-2012. Contribution of this study is the use of cointegration and Error Correction Model, we confirmed mainstream macroeconomic theory where fiscal deficit has positive and significant impact to economic growth. Government is recommended to undertake fiscal deficit within the 3% boundary allowed by State Budget Law.

Bahasa Abstract

Studi ini dilakukan untuk mengetahui pengaruh defisit fiskal terhadap pertumbuhan ekonomi di Indonesia tahun 1990-2012. Kontribusi studi ini adalah pengunaan metode kointegrasi dengan Error Correction Model. Kami mengonfirmasi hipotesa teori dan menemukan defisit fiskal berdampak positif dan signifikan terhadap pertumbuhan ekonomi. Pemerintah disarankan untuk mengambil kebijakan fiskal yang ekspansif dengan memperhatikan undang-undang Anggaran Pendapatan dan Belanja Negara yang menetapkan maksimal defisit sebesar 3%.

References

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Perundangan:

[19] Undang-Undang Nomor 17 Tahun 2003 tentang Keuangan Negara [20] Peraturan Pemerintah Nomor 23 Tahun 2003 tentang Pengendalian Jumlah Kumulatif Defisit APBN dan Jumlah Kumulatif Pinjaman Pemerintah Pusat dan Daerah.

[21] Peraturan Menteri Keuangan Nomor 45/PMK.02/2006 tentang Pedoman Pelaksanaan dan Mekanisme Pemantauan Defisit Anggaran Pendapatan dan Belanja Daerah.

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