PINJAMAN DAERAH SEBAGAI ALTERNATIF TERAKHIR PEMBIAYAAN PEMBANGUNAN DAERAH (Studi Kasus Pada Pemerintah Kabupaten Mukomuko)

Hafrizal, BM. and Handoko, Hadiyanto and Bambang , Agoes Hermanto (2012) PINJAMAN DAERAH SEBAGAI ALTERNATIF TERAKHIR PEMBIAYAAN PEMBANGUNAN DAERAH (Studi Kasus Pada Pemerintah Kabupaten Mukomuko). Masters thesis, Fakultas Ekonomi UNIB.

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Abstract

This research is aimed to analyze financial ability of Government of Mukomuko Regency in borrowing and to elicit the maximum limit allowed and to analyze balance sheet’s financial ratio of Mukomuko Regency. Data used in this research is time series as secondary data which is realization of Local Government Budget (LGB) Estimation of Mukomuko Regency during 2006-2011 consists of Regional Income (RI), Sharing Profit Fund (SPF), Reboisation Sharing Profit Fund (RSPF), Public Allocation Fund (PAF), Fixed Expenditure consists of employees wage and Local House of Representative (LHR) wage and Regional Balance Sheet during 2010-2011 gathered from Local Financial Supervisory Board (LFSB) of Mukomuko Regency . This research uses Debt Service Coverage Ratio (DSCR) as a tool according to Government Regulation No. 30 / 2011 to elicit qualification of government in borrowing. Moreover, Borrowing Maximum Limit (BML) is also used to analyze the extent of maximum borrowing allowed. Minimum DSCR value allowed is 2.5 point. Condition BML value doesn’t exceed 75% of general revenue of the previous year. The last analysis tool is financial ratio analysis by using liquidity ratio, solvability ratio and debt ratio toward equity from comparison of accounts in regional balance sheet. The result indicates that along 2010-2011, contributor of LGB of Mukomuko Regency comes from PAF instead of RI. The existence of PAF causing Government of Mukomuko Regency to have relatively high net fund and available to pay primary payment and other liability followed. DSCR and BML value of Government of Mukomukoi Regency has fulfilled regulated standard. Financial ratio analysis shows that the region has the ability in completing its liability with its assets owned, either the short term ones or the long term ones.

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