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Ngaji  Fiscal Policy 03/2   Musti konsentrasi. Ngaji fiscal policy soalnya. Allahumma zidnii ilman nafi'a warzuqni fahman wasi'a....

Ngaji Fiscal Policy

Ngaji  Fiscal Policy

03/2

 Menghitung, Uang Kertas Euro, Bisnis

Musti konsentrasi. Ngaji fiscal policy soalnya. Allahumma zidnii ilman nafi'a warzuqni fahman wasi'a. Allahummarzuqna fahmannabiyin wa hifdzol mursaliin wa ilhamal malaikatil muqorrobiin birohmatika yaa arhamarrohimiin

Govt and roles Fiscal Policy instruments Fiscal policy as stabilization tool and its limitation Relation between fiscal policy and public debt Discussion

Govt role Program/policies Nawa cita 9 priorities long term dev prog rpjp 2025 Mid term dev prog rpjmn Strategic dev plan renstra


Fiscal policy consist Govt spending Taxes, transfer payment Keynes: G is most effective tool Great depression 1930 Global financial crisis GFC 2008

4 key roles fiscal policy Stabilizing macro economy Affecting income distribution Influencing disposable income Yd or Y-T through net tax (margin between tax paid n transfer payment received by household) Respond demographic change Manage public debt


Income distribution Fiscal policy influence distribution of income through Progressive tax Transfer payment


Measuring income inequality Lorenz curve Gini coefficient


If country have good income distribution, there's equality Lorenz curve is plotted for particular income distribution in economy Line of equality is benchmark case of perfectly equal distribution of income of economy


Numerical measure of income equality known as gini coefficient summarizes info contained in lorenz curve It is ratio of area between line of equality and lorenz curve to total area below the line of equality


Limitation of fiscal policy as stabilization tool:
Fiscal policy n supply side Problem of deficit Fact that fiscal policy is relatively inflexible


Fiscal policy n supply side

FP affect potential output and PAE Govt spending on public capital play significant role in growth of potential input Tax n transfer payment play role in affecting incentive n economic behavior. Also affect potential input


Critic: supply sider view > need for tax cut > lower tax lead people to work harder, save more etc.

PROBLEM Of deficit Second consideration for fiscal policy maker thinking about stabilization policy is the need to avoid large n persistent budget deficit

Sustained govt budget deficit can be harmful>reduce national saving>reduce investment in new capital good (important source of long run economic growth) The need to keep deficit under control may make increasing spending or cutting tax, fight economic slowdown, less attractive option


The fact that fiscal policy (FP) is relatively inflexible FP is not always flexible enough to be useful for stabilization Changes in govt spending or tax mist usually go through a lengthy legislative process> it reduce abolition of FP to respond in timely way to economic condition


How limitation be overcome Spend more on public capital/infrastructure Creating stable/conductive political condition


Euro, Koin, Inflasi, Penyitaan Uang, 1

Relation between FP n public debt Govt hv 3 way to finance the spending Raise tax Borrow money Print money

Desirable level of public debt Low debt reduce crowding out Crowd out=situation when increased rate lead to reduction in private investment spending such that it reduce initial increase of total investment spending


Intergenerational equity Concept that current generation should not impose unfair burden on future Importance FP Presence automatic stabilizer Although FP difficult to change quickly, it may still be useful for dealing with prolonged episode of recession 1930 depression 1990 japan

Kartu Pra-Kerja supposed to be implemented in non-critical time like this. so the policy dealing with labor/worker's maternity leave(cuti hamil), and funeral leave is also part of fiscal policy? white collar are busy at the office saving their companies from being collapsed

everyone deserves payment based on their skills, i dont think there is a company who want to change the employer often. except to those who dont have skills, replaced easily. sad but true. tech has take over. u see the jalan tol, we use card ald

In this situation many tax payers is going to bankruptcy condition, and the raise of the tax in this condition will cause economic sectors in Indonesia collapsed.

it is sad to see some take cash for doing demo. seems that their health problems is not an issue for them

if we have good skills, company will pay us, no worry, but if we got no skills and we have a lot of demands, who want us to work as their employees? seems those who demand a lot, the skills are not directly proportional to their demand, so how can the investor listen to them,

while tech and robot can take over. it is happening round the world, artificial intelligence is taking over. AI and even physical bodied AI is taking over, seems like cyberpunk future is going to be a reality. welcome to blade runner 2020

Any limitation of how much maximum money that government will get from world bank/IMF? because the debt that indonesia have is getting escalade, and we don't know how to pay it back.

Berkebun, Orang Orang, Pekerja, Vietnam

vietnam blue collar wage , minimum wage is around 2 juta by 2020. and vietnam is growing, i checked world bank to confirm then here, most blue collars are doing demo

true Vietnam's minimum wage is lower than here, but are the daily needs in Vietnam have lower price than Indonesia? Vietnam implement different political system from us, which is sosialist-communist. So, their government provide most of the things that their citizen need.

vietnam government is working hard to bring expenses down. hope indonesia government could compete with that

nice to hv govt provide things we need but not with freedom of speech Indonesian is better than socialist communist. maybe we can go back to Indonesia's history in Gerakan NonBlok It will be better than the socialist if there are no conglomerates disturb the policy making

with democracy people can be self-independent even the China is not totally socialist-communist They implement at politic, but for economic, they're not they open for foreign investment. in this globalization era, we couldn't stand alone to boost the economic growth

Prostitution business could also become alternative income Also casino. It happen before as at ancol and around.

the casino in Genting is not open for Malaysian citizens. They allowed foreigners to play at the casino

locals also gamble, entering it illegally before enter hall, we show ID. for Malaysian, they got prohibited china has reforms its economic system into capitalist. But it work though, socialist political system and capitalist economic system turns out can be in line together

make sure the systems can be in line together (Socialist Systems in Politics and Capitalist Systems in Economy), We need a strong govt (single political party system) Karl Marx might be shock with this reality (capitalist and socialist are complementary each other)

to face China's thread, we have to accelerate bureaucracy reform,etc the problem was not how Marx can topple the capitalist,but how cant Marxism can CONTROL the capitalist into developing national economy Karl Marx will make a revisions on his theory about economics n religion

single political party system means less disruption, less conflict, Orba did it with 3 party system, yet the corruption went rampant. :( to make sure the single party systems will run in line that need a strong figure that have strong influence in all over Indonesia.



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