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Telaah Kebijakan Fiskal Kabinet Persatuan Nasional
Basri, Faisal H.
Article from Bulletin/Magazine
Bisnis dan ekonomi politik vol. 3 no. 4 (1999)
kabinet persatuan nasional
Perpustakaan Pusat (Semanggi)
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Lihat Detail Induk
This article examines fiscal policy of the new government, focusing on the state budget this fiscal year. The fiscal policy attracts public debates after the new legislative members and government bureaucrates are willing to reduce foeign debts and to increase domestic revenues from taxes and oil - gas revenues. However, the so - called most legitimate government is facing with limited sources of revenues since the business sectors are in the middle of the recovery process. In addition, fiscal policy instruments are now treated as a stimulator of macro economic recovery, which could meant hat the foreign debts are still needed. Obligation instrument as a substitute for foreign debt might face serious problems as well, such as how well the forward planning is, how good the market absorbtion, what institutional arrangements supporting the programs are, what impacts on the banking recapitalization are and how the crowding out impact on the private investment and so on. Otherwise, the government might only shift from the debt trap to obligation trap. Moreover, the fiscal instrument should also focus that government subsidy should be more cost effective and right on target.
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