The Influence of Local Own-Source Revenue (PAD), Economic Growth, Capital Expenditure on Fiscal Stress in Central Sulawesi in 2018-2023
Main Article Content
Husaeva Amal*
Yunus Sading
Rita Yunus
Santi Yunus
Ika Rafika
This study aims to analyze the influence of Local Own-Source Revenue (PAD), Gross Regional Domestic Product (GRDP), and Capital Expenditure on fiscal stress in 13 regencies/municipalities in Central Sulawesi Province during the period 2018–2022. The approach used is quantitative with panel data, which is a combination of time series and cross-sectional data sourced from the Central Bureau of Statistics (BPS). Analysis was conducted using panel data regression models with EViews software. The selection of the best model was done through a series of statistical tests: Chow Test, Hausman Test, and Lagrange Multiplier, which showed that the Random Effect model was the most appropriate. The results show that simultaneously, PAD, GRDP, and Capital Expenditure have a significant effect on fiscal stress. Partially, PAD and Capital Expenditure have positive and significant effects, while GRDP does not show a significant effect. The coefficient of determination indicates that most variations in fiscal stress can be explained by these three variables. These findings confirm that fiscal stress results from complex interactions of various economic factors, with PAD and Capital Expenditure as the main factors. The implications of this study highlight the importance of strengthening regional fiscal independence through PAD optimization, efficient Capital Expenditure management, and efforts to achieve sustainable economic growth.
Agatha, S. V, & Uliansyah, B. A. A. (2021). Pengaruh Desentralisasi Fiskal Dalam Pengentasan Kemiskinan Dengan Pertumbuhan Ekonomi Sebagai Variabel Mediasi Di Provinsi Papua. Jurnalku, 1(3), 156–176. https://doi.org/10.54957/jurnalku.v1i3.30
Akbar, Y. R., & Riandi, R. (2021). The Role of Good Governance Toward Economic Growth of Riau Province. AFEBI Economic and Finance Review, 6(1), 64. https://doi.org/10.47312/aefr.v6i01.398
Akhmadi, M. H., & Sumardjoko, I. (2018). The Implications of Local Government Spending Efficiency on the Regional Economic Performance. Proceedings of the 2nd International Conference on Indonesian Economy and Development (ICIED 2017). https://doi.org/10.2991/icied-17.2018.3
Al-Hadar, Z. Z., Ichwan, M., & Yunus, S. (2020). Determinants of Fiscal Stress in Central Sulawesi 2014-2018 Period. AFEBI Economic and Finance Review, 5(2), 16. https://doi.org/10.47312/aefr.v5i02.490
Al-Shatti, A. S. (2014). The Effect of Fiscal Policy on Economic Development in Jordan. International Business Research, 7(12). https://doi.org/10.5539/ibr.v7n12p67
Ananta, B. M. E., & Erawati, N. M. A. (2024). The Influence of PAD, DAU, and DBH on the Allocation of Capital Expenditure in City Districts in the Province of Bali in 2018-2021. TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN, 5(1), 22–32. https://doi.org/10.55047/transekonomika.v5i1.811
Ardiansyah, A., Goo, F., & Digdowiseiso, K. (2024). Analysis of Fiscal Gaps and Regional Transfers Between Regions in Indonesia. Journal of Social Science, 5(3), 858–864. https://doi.org/10.46799/jss.v5i3.829
Awaludin, M. G., & Wibowo, P. (2023). Pengaruh Pendapatan Asli Daerah, Dana Alokasi Khusus Fisik, Dan Dana Desa Terhadap Kemiskinan Dan PDRB Daerah Tertinggal. Jurnalku, 3(4), 445–469. https://doi.org/10.54957/jurnalku.v3i4.645
Azizah, N., Kusuma, H., & Arifin, Z. (2022). Does Fiscal Decentralization Increase the Economic Growth in Sulawesi Island? Economics Development Analysis Journal, 11(1), 61–74. https://doi.org/10.15294/edaj.v11i1.49957
Badrudin, R., Kusuma, M. W., & Wardani, R. Y. (2018). The inclusive economic development model in Sulawesi island. Economic Journal of Emerging Markets, 10(2), 128–136. https://doi.org/10.20885/ejem.vol10.iss2.art2
Cevik, S., & Jalles, J. T. (2020). An Apocalypse Foretold. IMF Working Papers, 20(231). https://doi.org/10.5089/9781513560403.001
Desdiani, N. A., Sabrina, S., Husna, M., Budiman, A. C., Afifi, F. A. R., & Halimatussadiah, A. (2022). Local Budget Resilience in Times of COVID-19 Crisis: Evidence from Indonesia. Economies, 10(5), 108. https://doi.org/10.3390/economies10050108
Dwivedi, H. K., & Sinha, S. K. (2023). Is Expenditure by States for Development Compromised to Ensure Compliance of Fiscal Targets? A Study of Indian States. Arthaniti: Journal of Economic Theory and Practice, 22(1), 67–85. https://doi.org/10.1177/0976747920966871
Fitriah, L. D., & Suryaningrum, D. H. (2023). Peran Mediasi Pertumbuhan Ekonomi Pada Pengaruh Desentralisasi Fiskal Terhadap Ketimpangan Pendapatan Daerah. Jurnal Akuntansi Dan Keuangan Kontemporer (Jakk), 6(1). https://doi.org/10.30596/jakk.v6i1.14720
Hamid, M. A. (2023). Pengaruh Hutang Daerah pada Belanja Modal dan Belanja Operasional di Kabupaten Banggai Laut Tahun 2019-2021. Action Research Literate, 7(11), 202–203. https://doi.org/10.46799/arl.v7i11.209
Hariani, E., & Febriyastuti, R. (2020). The effect of fiscal stress, original local government revenue and capital expenditures on efficiency ratio of government independence performance. Jurnal Ekonomi Dan Studi Pembangunan, 12(1), 18–25.
Kim, Y., & Warner, M. E. (2018). Geographies of Local Government Stress after the Great Recession. Social Policy & Administration, 52(1), 365–386. https://doi.org/10.1111/spol.12307
Klimanov, V., Kazakova, S., Mikhaylova, A., & Safina, A. (2021). Fiscal resilience of Russia’s regions in the face of COVID-19. Journal of Public Budgeting, Accounting & Financial Management, 33(1), 87–94. https://doi.org/10.1108/JPBAFM-07-2020-0123
Lidayat, O. (2020). Analysis of Capital Expenditure Effect for Financial Performance of Mineral Mining Company Listed in Indonesia Stock Exchange. Economica, 9(1), 24–33. https://doi.org/10.22202/economica.2020.v9.i1.4034
Nasution, I. A. (2024). Fiscal Stress in Local Governments: Do Local Revenue, Debt Utilization and Service Level Flexibility Influence? AKSY Jurnal Ilmu Akuntansi Dan Bisnis Syariah, 6(1), 1–20. https://doi.org/10.15575/aksy.v6i1.30725
Nurhayati, Zukhri, N., & Valeriani, D. (2019). Efektivitas Pengelolaan Pendapatan Asli Daerah (PAD), Dana Alokasi Umum (DAU) dan Dana Alokasi Khusus (DAK) Terhadap Perekonomian Daerah Pada Era Otonomi Daerah di Provinsi Kepulauan Bangka Belitung. IJAB : Indonesian Journal of Accounting and Business, 1(1), 15–28. https://doi.org/10.33019/accounting.v1i1.2
Nursadi, H. (2009). Perimbangan Keuangan Antara Pusat Dan Daerah: Transfer Pusat Ke Daerah, Pemerataan Keuangan Daerah dan Kapasitas Daerah. Jurnal Hukum & Pembangunan, 254. https://doi.org/10.21143/jhp.vol0.no0.191
Pirade, R., Mus, H. A. R., Mas’ud, H. M., & Nur, H. A. N. (2018). Evaluating financial performance in local government: A study in South Sulawesi Province (Indonesia). Research in Business and Management, 5(2), 31. https://doi.org/10.5296/rbm.v5i2.12791
Prasetyo, A. A., Siwi, V. N., & Kundhani, E. Y. (2022). Faktor-Faktor Yang Mempengaruhi Pendapatan Asli Daerah Jawa Tengah Tahun 2010-2018. Dekat, 1(1), 37–56. https://doi.org/10.24246/dekat.v1i1.4799
Ratnawati, R., & Sari, R. P. (2023). Pengaruh Kinerja Keuangan Daerah Terhadap Pertumbuhan Ekonomi (Studi Kasus Pada Provinsi Di Pulau Kalimantan Dan Sumatera Periode 2020-2022). Equilibrium Jurnal Ilmiah Ekonomi Manajemen Dan Akuntansi, 12(2), 125. https://doi.org/10.35906/equili.v12i2.1515
Saleh, M. H., & Muhammad Yusuf Saleh. (2022). Analisis Peningkatan Pendapatan Asli Daerah. CV. Berkah Utami.
Sanjaya, I., Martini, R., & Ahnaf, M. F. (2021). Fiscal Stress: Growth Aspects of Pad, Growth of Capital Expenditure, and Economic Growth. https://doi.org/10.2991/ahsseh.k.210122.031
Saprudin, Amir, A. M., NS, J., Yamin, N. Y., & Sading, Y. (2023). Local Own-source Revenue and Balance Fund on Economic Growth: Remaining Budget Surplus, and Capital Expenditure as an Intervening Variable. International Journal of Economics, Business and Management Research, 07(05), 01–19. https://doi.org/10.51505/IJEBMR.2023.7501
Septira, F., & Prawira, I. F. A. (2019). Analisis Faktor-Faktor Yang Mempengaruhi Fiscal Stress. JURNAL PENDIDIKAN AKUNTANSI & KEUANGAN, 7(1), 57. https://doi.org/10.17509/jpak.v7i1.15949
Sugiyono. (2017). Metode Penelitian Penelitian Kuantitatif, Kualitatif dan R&D. Alfabeta.
Sulaeman, A. S., & Silvia, V. (2019). Pendapatan Asli Daerah,transfer Daerah, Dan Belanja Modal, Pengaruhnya Terhadap Pertumbuhan Ekonomi Regional Di Indonesia. Jurnal Aplikasi Akuntansi, 4(1), 97–112. https://doi.org/10.29303/jaa.v4i1.61
Suryani, S. S., & Windijarto, W. (2023). Determinants of Fiscal Stress on Local Government Finances in East Java. Journal of Social Research, 2(4), 1195–1203. https://doi.org/10.55324/josr.v2i4.790
Syifa, A., Suhendar, D., & Purnama, D. (2021). Pertumbuhan Pendapatan Asli Daerah, Pertumbuhan Belanja Modal Dan Pertumbuhan Ekonomi Terhadap Fiscal Stress Pada Pemerintah Kabupaten/Kota Di Jawa Barat. Jurnal Riset Keuangan Dan Akuntansi, 7(2). https://doi.org/10.25134/jrka.v7i2.4965
Tehupuring, R. (2021). Mapping of budget stress in Indonesia: Consequence on budget implementation. Jurnal Tata Kelola Dan Akuntabilitas Keuangan Negara, 7(1), 39–57. https://doi.org/10.28986/jtaken.v7i1.542
Wu, B., Wang, L., & Yao, L. (2023). A Mechanistic Study of the Impact of Digital Payments on Rural Household Development Resilience. Sustainability, 15(14), 11203. https://doi.org/10.3390/su151411203
Zainuddin, A., Ismail, M., Multifiah, & Maski, G. (2019). Local Income and Economic Growth. Eurasia: Economics & Business, 20(2), 13–26. https://doi.org/10.18551/econeurasia.2019-02.02
Zakiah, K. (2022). Pengaruh Kinerja Keuangan Pemerintah Daerah Dan Pendapatan Asli Daerah Terhadap Indeks Kemandirian Fiskal Daerah Tahun 2016-2020. J. Budg., 7(2). https://doi.org/10.22212/jbudget.v7i2.137
