Analisis Pengaruh PAD, Dana Perimbangan dan Belanja Modal Terhadap Kinerja Keuangan Pemerintah Daerah
-
Ala Rowanda
*
Universitas Mataram, Mataram,
Indonesia
- Baiq Ismiwati Universitas Mataram, Mataram, Indonesia (*) Corresponding Author
Abstract
The urgency of this research lies in the importance of local government financial performance as an indicator of the region's ability to manage financial resources effectively and efficiently. This study aims to analyze the effect of Local Own-Source Revenue (PAD), balancing funds, and capital expenditure on the financial performance of local governments in regencies/cities in West Nusa Tenggara Province. Data collection methods were carried out through documentation and literature review sourced from local government financial reports as well as data obtained from the Directorate General of Fiscal Balance (DJPK) website. The type of data in this study is quantitative data, which is processed using the panel data regression method to analyze the relationships between the variables studied. The research results indicate that partially, Local Own-Source Revenue has a positive and significant effect on the financial performance of local governments with a coefficient of 0.703146, which indicates that every 1% increase in PAD will increase the Fiscal Independence Ratio by 0.70%. Conversely, Balancing Funds have a negative and significant effect with a coefficient of -0.246675, where every 1% increase in Balancing Funds will decrease the Fiscal Independence Ratio by 0.24%. Similarly, Capital Expenditure has a negative and significant effect with a coefficient of -0.135521, where every 1% increase in Capital Expenditure will decrease the Fiscal Independence Ratio by 0.13%. Simultaneously, Local Own-Source Revenue, Balancing Funds, and Capital Expenditure together have a significant effect on the financial performance of regional governments in regencies/cities in West Nusa Tenggara Province with an Adjusted R-squared value of 97.99%, while the remaining 2.01% is influenced by variables outside the research model.
Downloads
References
Abdulfatah, T., & Mulyani, S. (2024). Pengaruh PDRB Per Kapita , Investasi Dan Belanja Modal Terhadap Kemandirian Keuangan Daerah Kabupaten dan Kota Di Provinsi Jawa Barat Tahun 2020-2023. Jurnal Akuntansi Keuangan Dan Bisnis (JAKBS), 02(02), 694–701. https://jurnal.ittc.web.id/index.php/jakbs/inde
Alfada, A. (2019). Does Fiscal Decentralization Encourage Corruption in Local Governments ? Evidence from Indonesia. Journal of Risk and Financial Management, 12(3), 1–14. https://doi.org/https://doi.org/10.3390/jrfm12030118
Alonso, J. M., & Andrews, R. (2019). Fiscal decentralization and local government efficiency: does relative deprivation matter? Environment and Planning C: Politics and Space, 37(2), 360–381. https://doi.org/10.1177/2399654418784947
Anas, M. (2021). Impact Of Pandemic Covid-19 On L Ocal G Overnments Financial Performance In Indonesia. Journal of Southwest Jiaotong University, 56(3), 197–205. https://doi.org/10.35741/issn.0258-2724.56.3.16
Ardiansyah, R. (2023). Determinan Pendapatan Asli Daerah Dan Dana Perimbangan Terhadap Kemandirian Keuangan Daerah. Jurnal Manajemen Dan Profesional (JPRO), 4(1), 92–106. https://doi.org/10.32815/jpro.v4i1.1707
Armono, D., Wicaksono, N. I., & Fitriani, A. (2024). Penerapan Sistem Akuntansi Keuangan Daerah dan Kompetensi Sumber Daya Manusia dalam Rangka Peningkatan Kualitas Laporan Keuangan Pemerintah Daerah. Jurnal Aplikasi Bisnis (JABIS), 21(2), 617–627. https://doi.org/10.20885/jabis.vol21.iss2.art4
Azhar, I. (2021). Pengaruh Pendapatan Asli Daerah Terhadap Kinerja Keuangan Pemerintah Kota Langsa. Jurnal Transformasi Administrasi, 11(02), 164–174. https://doi.org/10.56196/jta.v11i02.190
Badrudin, R., & Siregar, B. (2019). The Evaluation of Fiscal Decentralization in Indonesia Based on the Degree of Regional Autonomy. Journal of Reviews on Global Economics, 8, 611–624. https://doi.org/10.6000/1929-7092.2019.08.53
Basuki, A. T. (2021). Analisis Data Panel dalam Penelitian Ekonomi dan Bisnis (Dilengkapi dengan Penggunaan EViews). Katalog dalam Terbitan (KDT).
Bojanic, A. N. (2018). The Impact of Fiscal Decentralization on Accountability , Economic Freedom , and Political and Civil Liberties in the Americas. Economies, 6(1), 1–20. https://doi.org/10.3390/economies6010008
Defitri, S. Y., Fetrisia, S., & Maison, W. (2021). Pengaruh kekayaan daerah, dana perimbangan dan belanja daerah terhadap kinerja keuangan daerah. Ekonomia, 11(1), 10–19. https://doi.org/https://ejournal.unsyiah.ac.id/JPED/article/view/8229
Desdiani, N. A., Sabrina, S., Husna, M., & Budiman, A. C. (2022). Local Budget Resilience in Times of COVID-19 Crisis: Evidence from Indonesia. Journal of Risk and Financial Management, 15(5), 108. https://www.mdpi.com/1911-8074/15/5/108
DJPK. (2024). Data Realisasi Anggaran Pendapatan dan Belanja Daerah Kabupaten/Kota Provinsi Nusa Tenggara Barat.
Fama, E. F., & Jensen, M. C. (1983). Agency Problems And Residual Claims. Journal of Law and Economics, 26(2), 327–349. https://doi.org/10.1086/467038
Febrianty, N., & Putra, G. H. (2023). Pengaruh Pertumbuhan Ekonomi , Pendapatan Asli Daerah , Dan Belanja Modal Terhadap Kinerja Keuangan Pemerintah Pada 19 Kabupaten / Kota Provinsi Sumatera Barat Tahun 2018-2021. Jurnal Kendali Akuntansi (JKA), 1(2), 30–46. https://doi.org/10.59581/jka-widyakarya.v1i2.154
Ghozali, I. (2021). Aplikasi Analisis Multivariate Dengan Program SPSS 26. In Badan Penerbit Universitas Diponegoro.
Gujarati, D. N. (2003). Basic Econometrics, 4th Edition.
Gujarati, D. N., & Porter, D. C. (2009). Basic Econometrics (5th ed.). McGraw-Hill Education.
Hariani, E., & Febriyastuti, R. (2020). The Effect of Fiscal Stress, Original Local Government Revenue and Capital Expenditures on Efficiency Ratio of Government Independence Performance. Jurnal Ekonomi Dan Studi Pembangunan, 12(1), 18–25. https://doi.org/10.17977/um002v12i12020p018
Hendri. (2020). Kajian Desentralisasi Fiskal Dan Kesejahteraan Masyarakat Di Provinsi Nusa Tenggara Barat. JISIP (Jurnal Ilmu Sosial Dan Pendidikan), 4(2). https://doi.org/10.58258/jisip.v4i2.1092
Huda, A. S. (2015). Pengaruh Kinerja Keuangan, Fiscal Stress, Dan Kepadatan Penduduk Terhadap Alokasi Belanja Modal Di Nusa Tenggara Barat. Assets: Jurnal Ekonomi, Manajemen Dan Akuntansi, 5(2), 151–166. https://doi.org/10.24252/.v5i2.1194
Hummel, D., & Kusumasari, B. (2025). Local Government Financial Performance and Decentralization in Indonesia. State and Local Government Review, 58(2), 206–227. https://doi.org/10.1177/0160323X251364379
Hutagalung, I., & DarniusPrasanti, O. (2022). Analisis Regresi Data Panel Dengan Pendekatan Common Effect Model ( CEM ), Fixed Effect Model ( FEM ) dan Random Effect Model ( REM ). FARABI: Jurnal Matematika Dan Pendidikan Matematika, 5(c), 217–226. https://doi.org/10.47662/farabi.v5i2.422
Hutauruk, M. F. M. (2024). Pengaruh PAD dan Belanja Modal terhadap Kinerja Keuangan Pemerintah Daerah Kab/Kota di Provinsi Sumatera Utara. Jurnal Pendidikan Tambusai, 8(3), 42932–42939. https://doi.org/10.31004/jptam.v8i3.20606
Jensen, C., & Meckling, H. (1976). Theory Of The Firm : Managerial Behavior , Agency Costs And Ownership Structure. 3, 305–360.
Juwita, A., & Hasbi, K. (2025). Pengaruh Belanja Modal Dana Perimbangan dan Pendapatan Asli Daerah Terhadap Kinerja Keuangan Daerah Kabupaten/Kota di Provinsi Sumatera Utara Tahun 2019-2022. Urnal EMT KITA, 9(1), 78–86. https://doi.org/10.35870/emt.v9i1.3315
Lewis, B. D. (2023). Indonesia’s New Fiscal Decentralisation Law: A Critical Assessment. Bulletin of Indonesian Economic Studies, 59(1), 1–28. https://doi.org/10.1080/00074918.2023.2180838
Mahmudi. (2019). Analisis Laporan Keuangan Pemerintah Daerah. Upp Stim Ykpn, 2019.
Mubarok, M. H., Nasution, A. A., & Kesuma, S. A. (2022). Local government financial performance : the effects of capital expenditure and intergovernmental revenue ( The case of South Sumatra Province , Indonesia ). Jurnal Perspektif Pembiayaan Dan Pembangunan Daerah, 9(6), 503–512. https://doi.org/10.22437/ppd.v9i6.11364
Oates, W. E. (2005). Toward a Second-Generation Theory of Fiscal Federalism. International Tax and Public Finance, 12, 349–373.
PP No. 71 Tahun. (2010). Peraturan Pemerintah Republik Indonesia Nomor 71 Tahun 2010 tentang Standar Akuntansi Pemerintah (SAP). https://doi.org/10.1017/CBO9781107415324.004
Prastiwi, N. D., & Aji, A. W. (2020). Dana Keistimewaan Dan Belanja Modal Terhadap ( Studi Kasus pada Pemerintahan Daerah Kabupaten dan Kota di Daerah Istimewa Yogyakarta Tahun Anggaran 2013-2018 ). Jurnal Kajian Bisnis, 28(1), 89–105. https://doi.org/10.32477/jkb.v28i1.45
Putri, H. A., Gamayuni, R. R., & Dharma, F. (2023). Financial Performance of Local Governments Before and After Refocusing and Budget Reallocation Policy for Handling Covid-19 In Indonesia. Jurnal Akuntansi Bisnis, 21(1), 37–47. https://doi.org/10.24167/jab.v21i1.10020
Rahman, A., & Altin, D. (2023). Literatur Review: Pengaruh Pendapatan Daerah Terhadap Kinerja dan Kemandirian Keuangan Daerah. Jurnal Ekonomi Dan Bisnis Dharma Andalas, 25(1), 104–116. https://doi.org/10.47233/jebd.v25i1.655
Remanta, O., & Ramadhan, P. R. (2024). Analisis Kinerja Keuangan Pemerintah Berdasarkan Rasio Kemandirian, Rasio Efektivitas dan Rasio Efisiensi di Provinsi Sumatera Utara. Jurnal Akuntansi, Manajemen Dan Ilmu Manajemen (JASMIEN), 05(04), 457–465. https://doi.org/10.54209/jasmien.v5i02.1193
Republik Indonesia. (2004). Undang-Undang Nomor 33 Tahun 2004 tentang Perimbangan Keuangan antara Pemerintah Pusat dan Pemerintah Daerah (pp. 1–3). Sekretariat Negara Republik Indonesia. https://peraturan.bpk.go.id/Details/40770/uu-no-33-tahun-2004
Sadaruddin, S., Manan, A., & Sriningsih, S. (2024). An Analysis of Financial Performance and Regional Capability Mapping in Regencies and Cities of Nusa Tenggara Barat Province (2018-2022). Economy and Finance Enthusiastic, 2(2), 83–98. https://doi.org/10.59535/efe.v2i2.256
Setiawan, A. B., Rachma, S., Wulandari, H. B., & Agustin, P. D. (2026). Analisis Rasio Keuangan Daerah untuk Menilai Kinerja Keuangan Pemerintah Daerah Nusa Tenggara Barat Tahun 2018 – 2022. Cemerlang: Jurnal Manajemen Dan Ekonomi Bisnis, 6(1), 01–14. https://doi.org/10.55606/cemerlang.v6i1.8115
UU No. 1 Tahun. (2022). UU No. 1 Tahun 2022. 104172.
Verawaty, Jaya, A. K., Puspanita, I., & Nurhidayah. (2020). Pengaruh PAD dan Dana Perimbangan terhadap Kinerja Keuangan Pemerintah Kabupaten / Kota di Sumatera Selatan. Journal Management, Business, and Accounting, 19(1), 21–37. https://doi.org/10.33557/mbia.v19i1.560
Wasil, M. (2020). Analisis Pengaruh Pendapatan Asli Daerah dan Dana Perimbangan Terhadap Kemandirian Keuangan Daerah di Kabupaten Sidoarjo. Journal of Regional Economics Indonesi, 1(2), 99–109. https://doi.org/10.26905/jrei.v1i2.5441
Widarjono, A. (2009). Ekonometrika: Pengantar dan Aplikasinya Disertai Panduan Eviews (Edisi Keti). Ekonisia — Fakultas Ekonomi Universitas Islam Indonesia (UII).
Wiryawan, B. A. (2022). The Legacy of the Reformasi: The Role of Local Government Spending on Industrial Development in a Decentralized Indonesia. Journal of Economic Structures, 11(3), 1–12. https://doi.org/10.1186/s40008-022-00262-y
Wooldridge, J. M. (2010). Economic Analysis Of Cross Section and Panel Data. Humor, 16(4), 369–412. https://doi.org/10.1515/humr.2003.021
Yunita, P. V., & Rasmini, N. K. (2020). Partisipasi Masyarakat Memoderasi Pengaruh PAD , Dana Perimbangan , dan Belanja Modal pada Kinerja Keuangan. E-Jurnal Akuntansi, 30(4), 1049–1065. https://doi.org/10.24843/EJA.2020.v30.i04.p20
Zakaria, R., & Syahputra, D. K. (2022). Optimalisasi Pendapatan Asli Daerah Provinsi Jawa Barat Sebagai Upaya Mewujudkan Kemandirian Fiskal. Jurnal Pajak Indonesia, 6(1), 47–59. https://doi.org/10.31092/jpi.v6i1.1545
Zein, M. H. M., Muhtarom, M., Mulyadi, M., & Septiani, S. (2024). Examining the Role of Local Government’s Financial Performance and Capital Expenditure in Increasing Economic Growth in Banten Province, Indonesia (2018–2022). Journal of Risk and Financial Management, 17(10). https://doi.org/10.3390/jrfm17100456
Bila bermanfaat silahkan share artikel ini
Berikan Komentar Anda terhadap artikel Analisis Pengaruh PAD, Dana Perimbangan dan Belanja Modal Terhadap Kinerja Keuangan Pemerintah Daerah
Pages: 302-313
Copyright (c) 2026 Ala Rowanda, Baiq Ismiwati
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under Creative Commons Attribution 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (Refer to The Effect of Open Access).
