REFLECTIONS ON THE IMPLEMENTATION OF THE MEDIUM-TERM FISCAL FRAMEWORK IN INDONESIA
To realize the reform of state finances by Law no. 17 In 2003, the government implemented professional principles in budgeting, especially mid-term budgeting. This has become the best practice of The Organization for Economic Co-operation and Development (OECD) countries, which aim to harmonize development targets and balance fiscal. This study evaluates the application of the basic macroeconomic and fiscal framework in the medium term in the aggregate (Medium Term Fiscal Framework—MTFF) which becomes a medium-term budgeting base. MTFF components include basic economic assumptions macro, targets, and realization of the state budget, as well as fiscal sustainability. This study uses a comparative method, both the comparison of the structure and the deviation of the planning target and realization. Comparison of structures refers to the OECD definition, while targets and Fiscal realization using data comparison of RPJMN/RKP, KEM PPKF, APBN, and LKPP. The results showed that the average e...
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