Jurnal Hukum to-ra : Hukum Untuk Mengatur dan Melindungi Masyarakat
Full Lenght Article
HARMONISASI PENGATURAN TENTANG PENERBITAN OBLIGASI DAERAH SEBAGAI SALAH SATU SARANA INVESTASI BAGI MASYARAKAT DAN SUMBER PENDANAAN BAGI PEMERINTAH DAERAH
Received 10 August 2021, Published 31 August 2021, Available online 3 June 2022.
Abstract
Municipal bonds are debt securities issued by local governments that are offered to the public through public offerings on the capital market. The issuance of debt securities is evidence that the local government has made a loan or debt to the holders of the debt securities. The choice to develop municipal bonds is based on the small development budget in the regions which makes public services neglected. In addition, there is a trend of capital spending in the APBD that does not support development and provision of infrastructure that supports economic development. On the other hand, regional loans in developed countries have become a trend of sources of financing for infrastructure development, for example in Vietnam, China, Japan and other countries. In the national context, Indonesia's status as a middle income country makes it increasingly difficult for Indonesia to obtain soft or cheap loans from international donor agencies and from bilateral countries. However, local governments in issuing regional bonds on the capital market, there are obstacles in terms of regulations, including the approval of the DPRD and the obligation to audit regional finances by public accountants. Therefore it is interesting to do research, using normative juridical research methods with descriptive analytical.
Keywords: Harmonization; Investment; Municipal Bond; Regional Government
Abstract
Municipal bonds are debt securities issued by local governments that are offered to the public through public offerings on the capital market. The issuance of debt securities is evidence that the local government has made a loan or debt to the holders of the debt securities. The choice to develop municipal bonds is based on the small development budget in the regions which makes public services neglected. In addition, there is a trend of capital spending in the APBD that does not support development and provision of infrastructure that supports economic development. On the other hand, regional loans in developed countries have become a trend of sources of financing for infrastructure development, for example in Vietnam, China, Japan and other countries. In the national context, Indonesia's status as a middle income country makes it increasingly difficult for Indonesia to obtain soft or cheap loans from international donor agencies and from bilateral countries. However, local governments in issuing regional bonds on the capital market, there are obstacles in terms of regulations, including the approval of the DPRD and the obligation to audit regional finances by public accountants. Therefore it is interesting to do research, using normative juridical research methods with descriptive analytical.
Keywords: Harmonization; Investment; Municipal Bond; Regional Government
Keywords
Declarations
Publisher's Note
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PERATURAN PERUNDANG-UNDANGAN
Undang-Undang Dasar Republik Indonesia.
Undang-Undang RI Nomor 8 Tahun 1995 tentang Pasar Modal.
Undang-Undang RI Nomor 17 Tahun 2003 tentang Keuangan Negara.
Undang-Undang RI Nomor 1 Tahun 2004 tentang Perbendaharaan Negara.
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Peraturan Menteri Keuangan Nomor 111 Tahun 2012 tentang Tata Cara Penerbitan dan Pertanggungjawaban Obligasi Daerah
Paket Peraturan Ketua Bapepam-LK terkait dengan Penawaran Umum Obligasi Daerah. (KEP-63/BL/2007, KEP-64/BL/2007, KEP-65/BL/2007, KEP-66/BL/2007, KEP-67/BL/2007 dan KEP-68/BL/2007).
Peraturan OJK Nomor 61/POJK.04/2017 tentang Dokumen Penyertaan Pendaftaran Dalam Rangka Penawaran Umum Obligasi Daerah dan /atau Sukuk Daerah.
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SUMBER INTERNET
https://inspektorat.tegalkab.go.id/2017/08/15/berita-baru/, diakses tanggal 11 November 2020.
Siaran Pers OJK Nomor SP-112/DHMS/OJK/IV/2017 tentang Terbitkan Tiga Peraturan Obligasi Daerah, Green Bonds, dan E-Registration, serta kebijakan lainnya.
Bibliographic Information
Cite this article as:
-
Submitted
10 August 2021 -
Revised
16 August 2021 -
Accepted
Not available -
Published
31 August 2021