Fauzan Adam (023100041) Rizka Fitri Dayanti (023100042) Hanna Dwina Putri (023100066) Amelia Erfa (023100072)

STATE BUDGET

BUDGET

Budget Revenue and Expenditure (Budget), the annual financial plan approved by the Indonesian state House of Representatives.

PREPARATION OF BUDGET

The government submitted the draft state budget in the form of the Draft Law on State Budget to the House. After the discussion, the Parliament enacted the Law on State Budget no later than two months before the budget year implemented.

Once the budget is set by the Act, the implementation of the budget is further stated by Presidential Decree. Based on the developments, in the middle passage of the budget year, the state budget can be revised / changed.

At the latest 6 months after the fiscal year ended, the President delivered the State Budget Implementation Bill on Accountability to Parliament in the form of financial statements, audited by BPK.

Central government expenditures include :

Employee Expenditures, Goods Expenditures, Capital Expenditures, Debt Financing, Subsidies for fuel and Non-fuel Subsidies, Grants Expenditures, Social Expenditures (including Disaster Management), and Other Expenditures.

Local Expenditures include:

Revenue Sharing General Allocation Fund Special Allocation Fund Special Autonomy Fund.

Financing includes:

Financing of Domestic : Financing Banking, Privatization, Government Securities, and the state capital. Financing of Foreign : Withdrawal of Foreign Loans and Principal Installment Payment of Foreign Debt.

In preparing the budget, the government is using seven macro economic indicators, namely: Gross Domestic Product (GDP) in dollars Annual economic growth (%) Inflation (%) The rupiah per USD 3-month SBI interest rate (%) Indonesian oil price (USD / barrel) Indonesia's oil production (barrels / day)

Budget has the function of : authorization, planning, supervision, allocation, distribution, and stabilization.

Based on the revenue aspect : Intensification of budget revenue in the amount and speed of deposit. Intensification of billing and collecting state receivables. Prosecution compensation for losses suffered by the state fines and prosecution.

Based on aspects of expenditure : Saving, efficient, and in accordance with needs. Directed, controlled, according to plan programs or activities

Budget changes made in the event: Macroeconomic developments that are not in accordance with the assumptions used in budget. Changes in key points of fiscal policy. The situation that causes a shift in the budget must be made between units of the organization, antarkegiatan, and between types of expenditure. The situation which led to balance budget (SAL) the previous year should be used for financing the budget that goes.

THE END