Konsep dan Aplikasi Sukuk Negara dalam Pembiayaan Defisit APBNdi Indonesia

Abstract

Increasing government expenditure which is not accompanied by increasing country Income can cause an enhancement State Budget deficit, so far, the government still fond to cover up budget deficit with foreign debt, where foreign debt is never apart from the interest as of the loan. Therefore, alternative way accordance with the principles of shari'ah which can become a source of financing of the state budget deficit need to issued. This research aims to know more in the concept of the sovereign sukuk issuance in state budget financing and to discover position of sovereign sukuk in state budget deficit in Indonesia. In this research use literature study. To discuss more in and achieve the goal, attempting to collect data both primary and secondary. The processing of collecting data method of observation which is the first step to see and get the necessary data with how to observe the intensively books and other data source. Then analyzed using the way of thinking of the induction-deductions method to draw a conclusion. In order to analyze which conveyed more depth, continued analysis using descriptive analysis techniques analysis. This research results that sovereign sukuk potential to be developed as an alternative in accordance with the principles of shari'ah which can become a source of financing the deficit with 3 publishing mechanism, namely Private placement, bookbuilding and auction.