Skripsi
ANALISIS PENGARUH PENGELUARAN PEMERINTAH, GDP, KURS, DAN FDI TERHADAP HUTANG LUAR NEGERI DI 6 NEGARA BRICS
This study aims to analyze the influence of government spending, Gross Domestic Product (GDP), exchange rate, and Foreign Direct Investment (FDI) on foreign debt in six BRICS countries (Brazil, Russia, India, China, South Africa, and Indonesia) during the period 2004–2022. The method used in this study is a quantitative approach with annual data obtained from the World Bank, the International Monetary Fund (IMF), and Yahoo Finance. The analysis technique applied is panel data regression with the Fixed Effect Model model. The results show that government spending, exchange rate fluctuations, and FDI have a positive and significant influence on foreign debt. This means that excessive increases in government spending can lead to fiscal deficits and dependence on external debt. When exchange rate fluctuations and large amounts of FDI inflows, especially in the infrastructure sector, also exacerbate the burden of foreign debt, especially if the debt is denominated in foreign currencies. GDP has a negative and significant correlation with external debt. As GDP increases, governments have more fiscal space to finance spending without relying on foreign debt. Based on these findings, it is recommended that BRICS countries formulate more careful fiscal policies by improving their tax systems, optimizing spending on long-term projects, and looking for financing alternatives from domestic resources and the private sector. Keywords: Government Expenditure, Exchange Rate, Foreign Direct Investment, External Debt, BRICS
Inventory Code | Barcode | Call Number | Location | Status |
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2507001649 | T169041 | T1690412025 | Central Library (Reference) | Available but not for loan - Not for Loan |
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