Regional Financial Governance Reform in Indonesia Through the Arthashastra Perspective

Authors

  • Anak Agung Istri Pradnyarani Dewi Faculty Of Economics, Warmadewa University, Denpasar, Indonesia
  • Made Sudarma Faculty Of Economics, Brawijaya University, Malang, Indonesia
  • Ali Djamhuri Faculty Of Economics, Brawijaya University, Malang, Indonesia.
  • Wuryan Andayani Faculty Of Economics, Brawijaya University, Malang, Indonesia.

Keywords:

New Public Management, Fiscal Decentralization, Government, Arthashastra

Abstract

Indonesia’s financial governance, while based in principles of New Public Management (NPM), is in need of reform. NPM was meant to improve on Indonesia’s traditional financial governance, but the results have been sub-optimal. NPM is now seen as fostering capitalism and secularism and a decline in ethics that has led to fraud in the budget accounting system. This research describes financial governance based in Arthashastra, a traditional, ethics-based science of economics, which includes methods of state financial management and budgeting. Arthashastra fosters reforms based on dharma, i.e., ethical and moral strength.

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Published

2023-07-31

How to Cite

Dewi, A. A. I. P. ., Sudarma , M., Djamhuri, A., & Andayani, W. (2023). Regional Financial Governance Reform in Indonesia Through the Arthashastra Perspective. SOUTHEAST ASIAN JOURNAL OF ECONOMICS, 11(2), 169–197. Retrieved from https://so05.tci-thaijo.org/index.php/saje/article/view/267051

Issue

Vol. 11 No. 2 (2023): Southeast Asian Journal of Economics, Vol.11 No.2 (August 2023)

Section

Original Articles

License

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