Risk Management Implementation in Indonesian State Budget Fiscal Risk Disclosure
DOI:
https://doi.org/10.12928/optimum.v11i1.3277Abstract
Fiscal risk management is part of the management of financial risk in the State Budget. Basically, these risks are interrelated although they are different things. State financial risk as an inherent risk of State Budget has a different process from fiscal risk management. This study aims to evaluate the management process and disclosure of fiscal risk in the State Budget using a case study-qualitative approach. The integration of the risk management system between the risk management unit and the fiscal risk management unit, and development of fiscal risk management framework could improve the process of managing and disclosing fiscal risk in the Budget Statement.
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Budina, N., & Petrie, M. (2013). Managing and controlling fiscal risks: IMF.
Cebotari, A., Davis, J., Lusinyan, L., Mati, A., Mauro, P., Petrie, M., & Velloso, R. (2009). Fiscal Risks: Sources, Disclosure, and Management. Washington, DC: International Monetary Fund.
Creswell, J. W. (2014). Research Design: Qualitative, quantitative, and mixed methods approaches, 4th Ed. . California: Sage Publication.
Everaert, G., Fouad, M., Martin, E., & Velloso, R. (2009). Disclosing Fiscal Risks in the Post-Crisis World. Washington, DC: International Monetary Fund.
Gruber, J. (2019). Public finance and public policy 6th Edition. New York: Macmillan.
Hameed, F. (2005) Fiscal transparency and economic outcomes. In I. M. Fund (Series Ed.), (pp. 1-40): IMF.
IMF. (2012). Fiscal Transparency, Accountability, and Risk. Washington DC: International Monetary Fund.
IMF. (2018). Fiscal Transparency Handbook. Washington, DC: International Monetary Fund.
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ISO, I. O. f. S. (2018). Norma Internasional ISO 31000 Edisi Kedua: Manajemen Risiko – Pedoman. Jakarta: Badan Standardisasi Nasional.
Lloyd-Ellis, H., & Zhu, X. (2001). Fiscal shocks and fiscal risk management. Journal of Monetary economics, 48(2), 309-338.
Makhlani, M. (2009). OVERVIEW ATAS TRANSPARANSI FISKAL DALAM PERSPEKTIF RISIKO: SUATU KOMPARATIF DAN STUDI LITERATUR. Kajian Ekonomi dan Keuangan, 13(1), 11-31.
Miles, M. B., & Huberman, A. M. (1984). Qualitative Data Analysis: A Sourcebook of new Methods. California: SAGE Publication Inc.
Mullai, A. (2006). Risk management system-risk assessment frameworks and techniques (Vol. 5). Turku: DaGoB Project Office.
PEFA, S. (2016). Framework for Assessing Public Financial Management. Washington DC: PEFA Secretariat.
Redja, G. E., & McNamara, M. J. (2017). Principles of Risk Management and Insurance. 13th Edition, . Harlow: Pearson Education Limited.
Rittenberg, L., & Martens, F. (2012). Enterprise Risk Management: Understanding and Communicating Risk Appetite. New York: Committee of Sponsoring Organizations of the Treadway Commission (COSO).
Robbins, S. P., & Coulter, M. (2016). Management (13th global edition). Harlow.
Sidabutar, M., & Kurniawan, M. A. (2018, December). Menimbang COSO dan ISO. Buletin Kinerja, Sekretariat Jenderal Kementerian Keuangan Edisi XXXVIII, Kuartal IV 2018, 8-9.
Yin, R. K. (2014). Studi Kasus: Desain dan Metode (diterjemahkan oleh M. Djauzi Mudzakir). Jakarta: Rajawali Pers.
