PENILAIAN KAPASITAS DAERAH DALAM PENERBITAN OBLIGASI DAERAH SEBAGAI ALTERNATIF PEMBIAYAAN INFRASTRUKTUR (STUDI KASUS: PROVINSI JAWA BARAT)
A municipal bond is an alternative local government financing instrument that involves the community as investors. Law Number 33 of 2004 and Government Regulation Number 54 of 2005 provide opportunities for local governments in Indonesia to raise funds from issuing municipal bonds. However, until...
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| Format: | Final Project |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/51772 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | A municipal bond is an alternative local government financing instrument that
involves the community as investors. Law Number 33 of 2004 and Government
Regulation Number 54 of 2005 provide opportunities for local governments in
Indonesia to raise funds from issuing municipal bonds. However, until now there has
been no local government in Indonesia that has succeeded in issuing municipal
bonds due to various factors. The extent to which local governments are able to issue
and manage municipal bonds is largely determined by local capacity. In this
research, local capacity was viewed from the aspect of fiscal and institutional
capacity of West Java Province as a case study. The local capacity assessment was
carried out using the assessment framework generated from literature review. The
analysis was carried out using descriptive analysis and content analysis to process
primary data in the form of questionnaires and interviews with key informants and
supporting secondary data. From the research conducted, it was found that West
Java Province has a very good local financial capacity with a financial capacity
index of 99.07% and a good local institutional capacity with an institutional capacity
index of 71.75%. Although in general West Java Province has a very good local
capacity (90.41%), there are still several things that can be improved, especially
related to the capacity of local institutions to optimize the issuance of municipal
bonds by West Java Province to finance four local infrastructure projects, namely
projects development of Al-Ihsan Regional Hospital, procurement and installation of
Solar Power Plants in 173 SMA/SMK, development of BIJB-Cisumdawu/Cipali
accessibility, and construction of BIJB flyovers at KM 152 Cipali. |
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