The analysis of Indonesia’s current account balance deficit of 2018 to 2022 period
List of Authors
  • Murti Widyaningsih , Rika Kaniati

Keyword
  • Deficit, Balance Sheet, Current Account

Abstract
  • One of the current developments in world economic conditions is an open economy, which involves engaging in international trade (Exports and Imports) of goods and services as well as capital with other countries. In an open economy, there are four components of national income, namely consumption, investment, government spending and the trade balance. International transactions of the countries of the world are recorded in the balance of payments. This study aims to analyze the causes of Indonesia's current account balance to continue to be in deficit, find out the policies set by the government to overcome this and find out the results of the implementation of these policies on changes in current account balance conditions. This study uses descriptive quantitative research methods, while the data collection techniques are carried out by exploring secondary data from Bapenas, Bank Indonesia, the Central Bureau of Statistics and other written sources both in the form of statistical data, research journals that have been carried out by previous researchers and other written sources. books reference books related to research. The results of the study show that the cause of the current account deficit during the period 2018 to 2022 is due to the high import compared to exports both in terms of the flow of goods and services, this is because domestic production has not been able to meet domestic needs so to fulfill it must be done by means of imports. In addition, the current account deficit was also caused by global factors, namely the weak global economy and war. Meanwhile, the Government's policy in overcoming the current account deficit has not been optimally focused on industry. The weakening global economy can be a business opportunity for Indonesia to further increase exports.

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