{"title":"Fiscal Sustainability in Indonesia: Policies and Progress","authors":"Vid Adrison","doi":"10.1111/aepr.12468","DOIUrl":null,"url":null,"abstract":"<p>This paper investigates fiscal sustainability in Indonesia and draws comparisons with Malaysia and Thailand. The analysis encompasses an evaluation of fiscal rules, fiscal performance, and an assessment of fiscal sustainability across these three countries. Given that the Coronavirus Disease (COVID-19) pandemic affected budget deficits in each country starting in 2020, the empirical assessment utilizes data from 2010 to 2019. Despite persistent fiscal deficits in each country, the results suggest that all three countries maintain fiscal sustainability. A more detailed analysis of the Indonesian case focuses on government revenue and expenditure. The discussion addresses challenges in these areas, aiming to identify feasible policy options for enhancing fiscal sustainability in Indonesia.</p>","PeriodicalId":45430,"journal":{"name":"Asian Economic Policy Review","volume":"19 2","pages":"224-247"},"PeriodicalIF":4.5000,"publicationDate":"2024-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asian Economic Policy Review","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/aepr.12468","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
This paper investigates fiscal sustainability in Indonesia and draws comparisons with Malaysia and Thailand. The analysis encompasses an evaluation of fiscal rules, fiscal performance, and an assessment of fiscal sustainability across these three countries. Given that the Coronavirus Disease (COVID-19) pandemic affected budget deficits in each country starting in 2020, the empirical assessment utilizes data from 2010 to 2019. Despite persistent fiscal deficits in each country, the results suggest that all three countries maintain fiscal sustainability. A more detailed analysis of the Indonesian case focuses on government revenue and expenditure. The discussion addresses challenges in these areas, aiming to identify feasible policy options for enhancing fiscal sustainability in Indonesia.
期刊介绍：
The goal of the Asian Economic Policy Review is to become an intellectual voice on the current issues of international economics and economic policy, based on comprehensive and in-depth analyses, with a primary focus on Asia. Emphasis is placed on identifying key issues at the time - spanning international trade, international finance, the environment, energy, the integration of regional economies and other issues - in order to furnish ideas and proposals to contribute positively to the policy debate in the region.
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