Analisis Kelayakan Penerbitan Obligasi Daerah Provinsi Jawa Tengah untuk Pembangunan Sistem Penyediaan Air Minum dan Kontribusinya Terhadap Pendapatan Daerah

sofi, irfan

doi:10.31092/jmkp.v4i2.984

Cited by 2 publications

(2 citation statements)

References 5 publications

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“…Meskipun obligasi daerah merupakan alternatif pembiayaan daerah untuk mempercepat pembangunan dan pengembangan daerah, namun sejauh ini belum ada daerah yang telah menerbitkan obligasi daerah (Sofi & Pusat, 2020). Pemerintah daerah yang paling gencar dalam rencana penerbitan obligasi daerah adalah Pemda Jateng dan Pemda Jabar.…”

Section: Pendahuluanunclassified

Mengapa Pemerintah Daerah Belum Berhasil Menerbitkan Obligasi Daerah

Khurria

2023

JSA

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Regional bonds are an alternative to infrastructure development financing that needs to be utilized by regional governments. Even though there are still pros and cons regarding regional bonds, regional bonds are still seen as a good and rational financing option. However, until now, no Regional Government has issued regional bonds. The factors that hinder the issuance of regional bonds in Indonesia include obstacles to the readiness of local governments (constraints on the readiness of human resources, the absence of a regional bond management unit, and the absence of regional regulations), regulatory constraints (fragmented regulations, procedures for issuing regional bonds complicated regulations and complex regional bond issuance requirements), political constraints (the existence of an in-principle permit from the DPRD and limited terms of office for Regional Heads and DPRDs), transparency constraints, negative perceptions of debt, local government reluctance to take on debt, and a lack of understanding about bonds area. To overcome these various obstacles, the following factors can encourage the issuance of regional bonds, as encouraging the issuance of regional bonds, including increasing the capacity of local government human resources, improving regulations (a comprehensive regulatory framework), and simplifying issuance procedures and requirements for regional bonds), disclosure, and provision of support by the central government.

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Section: Pendahuluanunclassified

Mengapa Pemerintah Daerah Belum Berhasil Menerbitkan Obligasi Daerah

Khurria

2023

JSA

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“…Irfan Sofi, 2020, Analisis Kelayakan Penerbitan Obligasi Daerah Provinsi Jawa Tengah Untuk Pembangunan Sistem Penyediaan Air Minum Dan Kontribusinya Terhadap Pendapatan Daerah, Jurnal Manajemen Keuangan Publik, p. 2.…”

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The Regional Bond Policy in the Indonesian Regional Autonomy

2023

JLPG

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The research aimed to analyze regional bond policy contained in the Indonesian Act Number 23 of 2014 concerning Regional Government and the Act Number 1 of 2022 concerning Financial Relations between the Central and Regional Government as the regional alternative funding resources used for public crucial infrastructure development. Therefore, the regional bond policy shall be supported by the local community because it facilitates the communities' daily needs. However, it has been more than 2 (two) decades since regional autonomy was implemented, there has not a single Regional Government, whether provincial Government or Regency/Municipal Government has successfully issued regional bonds. Therefore, it is significant to further examine the factors that motivate of the local government tendencies for denying the application of regional bond as a source of development budgeting as well as to study all elements of regional government authority regarding the issuance of regional bond. This study belongs to the normative judicial research applying the deductive -synthesis method. The results are; first, the factors influencing local governments tend not to implement regional bonds in financing development in their regions, in terms of legal system theory, has many weaknesses, both elements of legal substance, institutional structure, and legal culture. Thus, the existing regional bond issuance policy has legal uncertainty. It is unable to represent the goals of regional autonomy, nor to create prosperity for the community. Second, the Regent/Mayor is not authorized to issue regional bonds due to the fact that it is contrary to Article 10 paragraph ( 2) of Act Number 23/2014 and Constitutional Court Decision Number 36/PUU-X/2012.

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Analisis Kelayakan Penerbitan Obligasi Daerah Provinsi Jawa Tengah untuk Pembangunan Sistem Penyediaan Air Minum dan Kontribusinya Terhadap Pendapatan Daerah

Cited by 2 publications

References 5 publications

Mengapa Pemerintah Daerah Belum Berhasil Menerbitkan Obligasi Daerah

Mengapa Pemerintah Daerah Belum Berhasil Menerbitkan Obligasi Daerah

The Regional Bond Policy in the Indonesian Regional Autonomy

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