Purpose of the study: This study aims to examine foreign debt as a source of financing for economic development. This research is expected to provide (1) an overview of debt as a source of funding for state projects, (2) investigate its impacts and (3) offer additional knowledge of its Islamic perspective. Methodology: This research is a qualitative study using the study literature approach. This research is conducted by analysing books, literature, journals, and magazines with themes related to the focus of the discussion on this study. It is expected that the method used can provide insight, general knowledge, and develop the view of Islam in relation to foreign debt. Main Findings: The government has to ensure that the state has the ability to pay off its obligations in the future; guarantee that loans have to be free from interest; prioritize taking loans from internal sources rather than external sources. In Addition, debts are not intended for deferred needs and not taking loans that exceed their needs. Applications of this study: basically the results of this study can be applied to any country that considers the use of public debt, like other Islamic systems. Novelty/Originality of this study:This research is conceptual research in an Islamic perspective. This study successfully examined comprehensively related to the public debt with the Islamic approach.
The problem of this research is how Islam regards the economy Foreign Debt Government of Indonesia and the solution according to Islamic economic perspective. This research was library research. Analysis of data using content analysis. The results of the study revealed that foreign debts are increasing in number every year. The government's foreign debt is a source of development financing is commonly done by developing countries. Indonesian government's foreign debt has been to contain the system of interest, known as riba nasi'ah, riba nasi'ah are in addition to the debt repayment required by donor countries. Thus, in their views of Islam, the government's foreign debt is currently not in accordance with the Qur'an and Hadith. Posts offer a solution formulation of the government's foreign debt in other forms of cooperation permitted under Sharia, such as Mudharabah, Musyarakah, Murabahah, Ijarah and others, can be developed as a form of external financing in the state budgets.
Budgeting for a state or a country seems to be the most important part to handle administration and government policy in term of socio economic reason. In practice, a lot of government tends to subscribe a balance budget whereby it is striving to balance between revenues and expenditures accurately. Unfortunately, this balancing post uses a debt and foreign aid charged by interest to cover any shortage in revenues. In the real context, the budget deficit management based on debt is still controversial and considered inappropriate with developing country conditions which their economies are unstable and fluctuated. Unfortunately, many countries in the world including Muslim-populated countries subscribe budget deficit system whereby the sources of its fund are backed up by debt. The focus of this paper is to analyze two main sensitive issues of the Indonesian economy in the light of Maqasid Al Shariah. This study employs a method of literature review and combined with data analysis. Actually, Islam has a very rich literature legacy in administrating public sector economy and it becomes important theory and framework as a stance or point of view to analyze the prevailing system. The high interest rate payment is the main issue of public sector expenditure. Indonesian government seems no choices to resolve its public sector economy and relies too much on debt management. For social welfare expenditure there has been a misallocation in emphasizing budget expenditure whereby oil and petroleum subsidy consume almost majority of the total welfare expenditure in Indonesian public sector economy
This study aims to choose a fiscal stress index that is most suitable to assess state budget condition in Indonesia. The analysis factor is used to assess several factors that can cause stress on the state budget. SPSS is used for the purposes of the analysis. There are eleven indicators of two factors that lead to fiscal stress. The assessment revealed that there is only one fiscal stress index which is suitable to assess state budget condition in Indonesia. Factors can lead to fiscal stress in Indonesia are state expenditure, debt factors, education spending, general allocation funds, profit sharing funds, special autonomy funds, health spending, debt interest payments, state obligation, and the number of population.
The author of the following study presents the institution of surety as it is regulated in Romanian civil law. The notion of surety (in the sense of the person offering the guarantee) is presented, as well as the legal nature of the surety contract, and its defining characteristic of an accessory guarantee as well as the conclusion of the contract and the formal and material requirements for its validity. In the following, the author presents the various types of surety regulated in Romanian civil law. Regarding the effects of the surety contract the study presents the legal consequences specifically regulated in Romania, which arise when the debtor fails to respect his obligations. In the final part of the study, the reasons for the cessation of the effects of the surety contract, are presented, with special emphasis on the death of the surety (natural person), which, contrary to the apparent meaning of the legal text, does not result in the cancellation of any debt owed by the deceased surety in virtue of the surety contract. This debt shall remain due as part of the surety's estate.
A disszertáció a rendszerváltás óta eltelt időszakban Magyarországon alkalmazott, a lakásfenntartáshoz kapcsolódó társadalompolitikai eszközöket elemzi. Az elemzés fókuszában a normatív lakásfenntartási támogatás és az adósságkezelési szolgáltatás, valamint az azok megszüntetése után a helyükbe lépő települési támogatások, ezáltal pedig a helyi pénzbeli ellátások 2015-ben bevezetett reformjának a támogatásokhoz való hozzáférésre, a rájuk fordított kiadásokra, átlagos összegükre, elosztási hatásaikra, a támogatások igénybevételeinek a feltételeire – és mindezek társadalomföldrajzi mintázatára – gyakorolt hatásai állnak. A disszertáció mindezt adminisztratív adatok és a helyi rendeletek együttes elemzésével igyekszik feltárni. A disszertáció kitér ezen kívül számos egyéb, a vizsgált időszakban a lakásfenntartást támogató társadalompolitikai eszköz elemzésére is, különös tekintettel a szociális tűzifatámogatásra, a gázár-támogatás különböző alakváltozataira, a távhőszolgáltatás kedvező ÁFA-szabályozására és a "rezsicsökkentésre". Az adósságkezeléshez kapcsolódó ellátások elemzését a hátralékosság okainak, funkcióinak, következményeinek és kiterjedésének az elemzése vezeti fel. A pénzbeli ellátások reformja következtében a lakásfenntartáshoz nyújtott támogatásban részesülő háztartások száma megfeleződött, és mivel a támogatásra fordított kiadások ennél is nagyobb mértékben szűkültek, a támogatás átlagos összege is csökkent, leginkább a leghátrányosabb helyzetű településeken. Mintegy egymillió ember élhet olyan településen, ahol semmilyen lakásfenntartáshoz nyújtott rendszeres támogatás nem elérhető. A változások a legalacsonyabb jövedelmű, és közülük is leginkább a többgyermekes családok számára jártak a legtöbb veszteséggel. Az önkormányzati rendeletek nagy része jelentős teret enged a diszkrecionális jogalkalmazásnak. Az adósságkezeléshez kapcsolódó támogatásokhoz való hozzáférés szintén szűkült, a vizsgált önkormányzatok nagy része általában a korábbiaknál szigorúbb feltételekkel nyújt kisebb összegű támogatást a ...
The large number of land in DKI Jakarta province that have not yet beenregistered is a significant potential tax in increasing BPHTB tax revenue. But in its implementation, the imposition of BPHTB tax for granting new rights to this land is still experiencing obstacles. The constraints experienced are the imposition of BPHTB administrative sanctions based on the time of debt due to the signing of the BPN Decree (SK). In this case, Jakarta's citizenas tax payers felt disadvantaged because they were subjected to administrative sanctions due to the delay in receiving the BPN Decree. Based on the results of the analysis through data collection in the field, literature study as reference material and in-depth interviews with related parties, author concluded that BPRD DKI Jakarta, DKI Jakarta Regional Office of BPN and PPAT DKI Jakarta have been cooperating well in the imposition process of BPHTB tax. But in reality, there are still problems in the case of the imposition of BPHTB administrative sanctions for granting new rights to land due to delays in receipt of SK BPN by taxpayers. To minimize this, a more comprehensive collaboration is needed between agencies, namely BPRD DKI Jakarta, Regional Office of BPN DKI Jakarta and PPAT in DKI Jakarta by conducting Collaborative Governance. With Collaborative Governance, it is expected that services to taxpayers will be better and BPHTB tax revenues in DKI Jakarta will increase.
As a country that is being actively carrying out development, Indonesia needs huge funds to fund it. The Government has conducted a wide range of strategic actions and efforts with a variety of policy instruments, one of which is the policy that is contained in the budget revenue and expenditure of the State (State Budget).State Budget as an instrument of Government policy as a form contains two major elements, namely income and spending. Over the years, the Government has embraced the familiar deficit in the budget, so that the financing needed to close the deficit. Management of revenue and expenditures needs the right policy because it involves a huge amount of cash. DJPBN has the task so that the existing cash or cash that is needed can be managed with proper, whereas DJPPR have a duty to let the deficit contained in the budget does not become a big problem.Based on the analysis of brief, DJPBN have difficulty in estimating the amount of cash that is right, the difficulty in determining when there is enough cash when paying bills on time, and investment cash towards the unemployed. Such difficulties should be aided by the existence of financing (debt) which its implementation be DJPPR task. But in fact the difficulties could not be overcome, because most of the policies that break, and or less coordination between the 2 units of Echelon I at the Ministry of Finance.
The lessons learned from the crisis management of the 2008 Great Recession are due to significant structural differences between the two centers of the world, the United States and the eurozone. This has been the worst and most widespread global economic downturn since the Great Depression. The crisis is over, but it seems that the crisis has long-lasting consequences. In the case of the United States, a monetary, fiscal and political union is realized, which with a single economic policy, operates as a coherent unit, uniting the three areas. GDP is rising, unemployment is at the lowest level since 1969 and government debt is the highest it has ever been which can cause problems in the long run. In the case of the eurozone, we can talk about a monetary union. The crisis has highlighted the structural flaws of the eurozone, because without a unified fiscal policy no effective economic policy can be achieved. The symptoms of the euro area crisis weren't the consequences of the global economic crisis; rather the stalling of the integration process, the lack of real convergence, and the weaknesses of monetary and fiscal policy were the problems that have been brought to the fore and exacerbated by the crisis. I consider the crisis management of the United States to be more successful, in which the single economic policy has played an important role – as long as the eurozone doesn't deepen integration, it will not be able to address vulnerabilities between its countries. For Central Europe to be competitive, it has to have the right economic policies and an independent monetary policy. The postcrisis recovery has taken place, but in order to avoid further crises and to have a faster convergence towards the eurozone, we need targeted steps which could create the opportunities.
Magyarország kormánya 2015-ben nagyszabású városfejlesztési projektcsomagot indított el Modern városok program címmel. A fejlesztésekről a 23 megyei jogú város polgármesterei külön-külön találkozókon egyeztek meg a kormányfővel 2015 és 2017 között. A program teljes költségvetése mintegy 3400 milliárd forint, az abban szereplő fejlesztések a kormányzati tervek szerint 2022-ig befejeződnek. A programot elemző kutatásban az alábbi szempontok szerint vizsgáltuk a fejlesztési programot: a program európai és hazai területfejlesztési politikában betöltött szerepe, a központi költségvetésre és az önkormányzati forrásokra gyakorolt hatásai, a gazdaságfejlesztéshez és újraiparosításhoz való hozzájárulása, a program mint új városfejlesztési rezsim. A hazai területfejlesztés elmúlt évszázadában nem találtunk olyan városfejlesztési programot, mely filozófiájában és költségvetési volumenében hasonlítható lenne a Modern városok programhoz. A program előképe elsősorban az 1960-as években megjelenő, de napjainkban is gyakran alkalmazott francia etatista-dirigista megközelítés, hiszen jelentős hasonlóságot mutatnak az alkalmazott eszközök és módszerek, így pl. a tervszerződések rendszere, a központi finanszírozás és döntéshozatal. A program újszerű városfejlesztési rezsimként történő értelmezése ugyanakkor nem bizonyított: az ehhez szükséges, széles körű társadalmi bevonás alapján közösen kialakított fejlesztési célkitűzések nem voltak tapasztalhatók. A program fontos fókusza a gazdaságfejlesztés: gyakorlatilag valamennyi város érintett az iparfejlesztéssel, gazdaságfejlesztéssel kapcsolatos intézkedésekben. Az elmúlt évek megyei jogú városokat érintő kormányzati döntései közül a program meghatározó fejlesztési forrásokat biztosít az érintettek számára, városonként átlagosan kb. 150 milliárd Ft értékben valósulnak meg fejlesztések. In 2015, the Hungarian government launched a major urban development project package called Modern Cities Programme. The mayors of the 23 cities with county rights agreed on the projects in separate meetings with the head of government between 2015 and 2017. The total budget of the programme is about HUF 3400 billion, and according to the government's plans, the developments will be completed by 2022. The development programme was analysed in terms of its contribution to European and national spatial development policy, its impact on the central budget and sources of local government, its contribution to economic development and reindustrialisation, and its suitability as a blueprint for a new urban development regime. On the basis of the research results, it can be said that in the last century of Hungarian spatial development there is no urban development programme whose philosophy and budget volume is comparable to that of Modern Cities. Similar project characteristics were only found in the French state-directed programmes that emerged in the 1960s. They are still widely found today because they are very similar as to their instruments and methods, such as the system of design contracts, the importance of central funding and decision-making. However, the interpretation of the programme as a new urban regime went too far: The development goals formulated jointly on the basis of far-reaching citizens' participation showed no immediately identifiable results. As one of the programme's priorities is economic growth, practically all cities are involved in industrial and economic development measures. Among the recent government decisions taken on behalf of cities with county rights, the programme provides crucial development resources for the 23 cities, averaging HUF 150 billion per city. The central budget for the implementation of the programme in 2015 included HUF 25 billion, HUF 50 billion in 2016, HUF 152 billion in 2017 and HUF 150 billion in 2018. These amounts represent 0.41% of GDP in 2017 and 0.37% in 2018. The financial data suggest that, contrary to some opinions, funding of the programme was sufficient in spite of its disproportionate size. In conjunction with this 3400 billion HUF programme, the Territorial and Settlement Development Operational Programme (TOP) provides approximately HUF 400 billion for other or related developments of the 23 cities. It is worth noting that the volume of government consolidated debt from the 23 cities corresponds to the entire volume of urban development resources of the Operational Programme. Against this background, the government subsidies made available for cities with county rights are significant.
In the 1970s,Indonesiais one of thepoorest countries inAsia. In 1976, 54million people in Indonesia(40% of the population) belong to the categoryof poor. In1980-1990anperiodis a period ofhigh economic growth. High economicgrowthis closely linkedwithpoverty reductiondrasticallywhere the numberof poor peoplefell by almost50% from40millionto 22million peoplein 1981s/d1996.In the year2010 the numberof poor peopleamounted to31.02 million people, or about 13:33% andthe poverty ratein March2009 amounted to32.53million, or about 14:15% (BPS). LastBPS dataperSeptember 2013shows that there are28.59millionor11.66% ofthe totalpopulationinIndonesia.PovertyinIndonesia hasdecreasedsignificantlysincethe reformera. Acceleration ofpoverty reductionprogramsinIndonesiais donewithgoodsynergywork programsatnational and local levels. Poverty reduction programscurrently dividedinseveralclusters: Cluster(1) Direct AidSociety(BLM). Thisclusterincludes theSchool Operational Assistance(BOS), Community Health Insurance(Assurance), Ricefor the Poor(Raskin), Family Hope Program(PKH). Cluster1goalistoreducepovertyandimprove thequality ofhuman resources, especiallythe poor.Cluster (2) is the national community empowerment Program (PNPM) independently. The purpose of PNPM Mandiri is to increase prosperity and employment opportunities of the poor independently. Cluster (3) people's business credit (KUR) is a people's business credit is given to the poor without collateral to the community a certain amount. Purpose to provide and strengthening economic access for businessmen of small and micro-scale. An important aspect in strengthening is giving them freely to access of the poor to be able to try and improve the quality of life.In 2011 the Government carry out a Cluster of clusters of four. This Cluster includes: (1) the provision of the House very cheap, (2) a cheap public transport Vehicles, (3) clean water to the people, (4) enhancement of Life for fishermen, (5) improvement of Urban Edge Community Life. The 4 Cluster in the framework of poverty reduction and the achievement of the Millennium Development Goals (the Millennium Development Goals (MDGs), so the expected goal of the Millennium Development Goals (the Millennium Development Goals (MDGs) by 2015 is reached. As it known that the millennium development goals (the Millennium Development Goals (MDGs) is an attempt to meet the basic needs of the rights of man through a joint commitment between the 189 UN Member States to implement the 8 (eight) Millennium development goals, namely (1) tackling poverty and hunger, (2) achieve primary education for all, (3) encourage gender equality and the empowerment of women, (4) reduce child mortality, (5) improve maternal health, (6) fight against spread of HIVAIDS, malaria and other contagious diseases, (7) Living and Sustainability (8) global partnership in development. Eight of these targets as measurable goals for a single package of development and poverty reduction.In September 2000, the United Nations Millennium Summit, where world leaders agreed on eight development goals that are specific and measurable global called the Millennium Development Goals (MDGs). The first seven goals focus on eradication of extreme poverty and hunger, achieve universal primary education, promoting gender equality and empowering women, reducing child mortality; In September 2000, the United Nations improve maternal health, combat HIV-AIDS, malaria and other diseases, and ensuring environmental sustainability. Whereas the eighth goal calls for the establishment of a global partnership for development, with targets for aid, trade and debt relief.However approach the year 2015, global world will experience the transformation of the global development of the Millennium Development Goals (MDGs) into Sustainable Development Goals (SDGs). The shifting of the MDGs to the SDGs doesn't mean the goal contained in the MDGs fail is reached. Quite the contrary, many world records that reveal the success in various countries, there is a remarkable improvement experienced by the poor countries in the ranking of HDI (human development index) the lowest. In the last 40 years, the State- countries that are in the lowest rank of 25 percent experienced improved HDI to 82. The IMF report in the 2013 Global Monitoring Report also explain the positive trend in the achievement of the MDGs. reduction of half of the world's poor population, reduction of half of the population without access to clean water, the Elimination of gender inequality in primary education in 2015, and the improvement of life in a hundred million slums by 2020 was reached more quickly, i.e. in 2010. ADB, a number of countries in Asia also experienced progress in achieving the millennium development goals. The number of poor population has decreased significantly in Malaysia, Viet Nam and China. In Thailand and Malaysia, long-term policies to overcome poverty coupled with their concern for the environment has made the countries that are in the lowest rank of 25 percent experienced improved HDI to 82. The IMF report, these countries are on a sustainable growth path. But not so the case with Indonesia, a country with a diversity of biodiversity in forests is raining but the risorsis contained therein are not managed sustainably and fairly.Programme of the Millennium Development Goals (MDGs) will be forwarded to Suistanable Development Goals (SDGs). The MDGs will expire in 2015, but until now there has been no final draft which will forward the MDGs program. to that end, scientists and many quarters trying to deepen the concept of SDGs as successor to the MDGs. Keywords: Millennium Development Goals (MDGs), Sustainable Development Goals (SDGs), primary education, maternal health, clean water.
