THE INFLUENCE OF REGIONAL ORIGINAL REVENUE AND CAPITAL EXPENDITURE ON LOCAL GOVERNMENT FINANCIAL PERFORMANCE WITH EQUALIZATION FUNDS AS A MODERATING VARIABLE

Risma Lova Febriyanti, Abd. Rohman Taufiq, Moh. Ubaidillah

Abstract


The purpose of the study was to determine the influence of capital expenditure and Regional Original Revenue (PAD) on the financial performance of local governments, with the balance fund as a moderation variable. The data of this study is sourced from the Regional Revenue and Expenditure Budget Realization Report (LAAPD) published by the Directorate General of Financial Balance, and is secondary data. The analysis methodology used is Moderated regression analysis (MRA). The findings of the study show that PAD has a positive and significant impact on regional financial performance, while capital expenditure has a significant negative impact. In addition, the balance fund has been proven to strengthen the relationship between PAD and financial performance, but it is not able to moderate the linkage between capital expenditure and regional financial performance. These findings emphasize that regions also need to be directed to be more independent in financing development through strengthening PAD and spending efficiency.


Full Text:

PDF

References


Andriani, W. (2023). Factors Influencing Local Government Financial Performance. Ekonomi, Keuangan, Investasi Dan Syariah (EKUITAS), 4(3), 951–959. https://doi.org/10.47065/ekuitas.v4i3.3094

Arifa, N., Syahnur, S., & Abrar, M. (2024). The Effect of Regional Financial Autonomy on Economic Growth in Aceh Province. International Journal of Finance, Economics and Business, 3(1), 67–75. https://doi.org/10.56225/ijfeb.v3i1.290

Ayu Rohanda, & Azhar, I. (2023). PENGARUH BELANJA MODAL, PENDAPATAN ASLI DAERAH, DAN DANA ALOKASI UMUM TERHADAP KINERJA KEUANGAN DAERAH (Studi pada Kabupaten Aceh Tamiang). Jurnal Mahasiswa Akuntansi Samudra, 4(5), 287–301. https://doi.org/10.33059/jmas.v4i5.8367

BPK Perwakilan Provinsi Jawa Timur. (2022). Anggota VI BPK RI Dorong Kemandirian Fiskal di Jawa Timur dalam Forum Komunikasi Stakeholder. https://jatim.bpk.go.id/berita-utama/anggota-vi-bpk-ri-dorong-kemandirian-fiskal-di-jawa-timur-dalam-forum-komunikasi-stakeholder/

Budijaya, M. I., & Heryanto, Y. (2024). the Impact of Regional Autonomy on Regional Development. International Journal of Social Service and Research, 4(9), 1–6. https://doi.org/10.46799/ijssr.v4i9.1036

Cantika Dea Amanda, S. P. (2023). PENGARUH PENDAPATAN ASLI DAERAH DAN BELANJA DAERAH TERHADAP KINERJA KEUANGAN DAERAH. Jurnal Ilmu Dan Riset Akuntansi, 12.

Clarisa Sukmaning Ati, Imam Baidlowi, Nur Ainiyah, & M. Bahril Ilmiddaviq. (2023). Pengaruh Pendapatan Asli Daerah dan Belanja Modal Terhadap Kinerja Keuangan Pemerintah Daerah Tingkat II di Provinsi Jawa Timur Periode 2018 – 2022. Jurnal Mutiara Ilmu Akuntansi, 1(4), 110–118. https://doi.org/10.55606/jumia.v1i4.1997

Fadilah, A. F., & Andriani, S. (2025). Pengaruh Pendapatan Asli Daerah, Belanja Modal, dan Dana Perimbangan Terhadap Kinerja Keuangan Pemerintah Daerah di Indonesia dengan Partisipasi Masyarakat sebagai Variabel Moderasi. Jurnal Akuntansi Bisnis, 23(1), 179–198. https://doi.org/10.24167/jab.v23i1.13363

Maharani, N., & Armaini, R. (2022). Pengaruh Pendapatan Asli Daerah , Dana Alokasi Umum , dan Belanja Modal Terhadap Kinerja Keuangan Pemerintah Daerah di Sumatera dan Jawa Tahun 2018-2022 Hak , kekuasaan , dan tanggung jawab daerah otonom untuk mengawasi dan mengurus kepentingan masyarakat. 576–589.

Mahdawi, Notonegoro, K., Rustam, R., Saputra, J., Ilham, R. N., Hutauruk, R. P. S., Damanik, S. W. H., & Siregar, A. (2021). The effect of local own-source revenue and capital expenditure on economic growth: An empirical evidence from Aceh province, Indonesia. Proceedings of the International Conference on Industrial Engineering and Operations Management, July, 149–157. https://doi.org/10.46254/an11.20210845

Marheni, R., & Triyanto, E. (2023). PENGARUH DANA ALOKASI UMUM, DANA ALOKASI KHUSUS DAN DANA BAGI HASIL TERHADAP BELANJA MODAL DI KABUPATEN/KOTA PROVINSI JAWA TENGAH. Jurnal Cakrawala Ilmiah, Vol.2(11), 4223–4240.

Mulyana, M., Din, M., Mustamin, M., Amir, A. M., Karim, F., & Betty, B. (2022). Local Government Own-source Revenue and General Allocation Funds on Capital Expenditure: Economic Growth as Moderating Variable. Arthatama Journal of Business Management and Accounting, 6(1), 44–54.

Nabila Febriyana, & Maulidah Narastri. (2024). The Influence of Local Original Revenue (PAD), Balanced Funds, Budget Surplus (SILPA), and Special Allocation Funds (DAK) on Capital Expenditure (Case Study on Regency/City Governments in East Java 2017-2023). International Journal of Economics, Commerce, and Management, 2(1), 267–283. https://doi.org/10.62951/ijecm.v2i1.410

Ni Putu Ayu Septiyani Putri, & Gede Adi Yuniarta. (2023). Pengaruh Pendapatan Asil Daerah, Dana Perimbangan, dan Belanja Modal terhadap Kinerja Keuangan Pemerintah Daerah pada Kabupaten/Kota di Provinsi Bali Tahun 2017-2021. Jurnal Akuntansi Profesi, 14(01), 133–147. https://doi.org/10.23887/jap.v14i01.62916

Noviana Sri Hastuti, D. A. D. N. (2024). Pengaruh Pendapatan Asli Daerah Dan Belanja Modal Terhadap Kinerja Keuangan Pemerintah Daerah (Studi Kasus pada Badan Pendapatan Daerah Provinsi Sumatera Utara). Jurnal Riset Akuntansi Dan Bisnis, 24(2), 157–170.

Putri, R. A. R., & Amanah, L. (2020). Pengaruh Ukuran Pemerintah Daerah, Pendapatan Asli Daerah, Dan Dana Perimbangan Terhadap Kinerja Keuangan Pemerintah Daerah. Jurnal Ilmu Dan Riset Akuntansi, 1–20.

Rona Susan Nurjanah, P. D. J. P., & Keuangan. (2025). Kemandirian Fiskal: Antara Cita-Cita dan Realita Bergantung pada Transfer Pusat. https://mediakeuangan.kemenkeu.go.id/article/show/kemandirian-fiskal-antara-cita-cita-dan-realita-bergantung-pada-transfer-pusat

Ruth Septaria Hutapea. (2023). Pengaruh Pendapatan Asli Daerah, Belanja Modal Terhadap Pertumbuhan Ekonomi dan Dana Perimbangan Sebagai Pemoderasi di Kabupaten/Kota Sumatera Utara. JURNAL MANAJEMEN AKUNTANSI (JUMSI), Vol. 3, No.

Santika, R., Salsabilah, S., Bay, M. R., Andriani, V., & Panggabean, F. Y. (2025). Analysis of the Financial Performance Report of the Regional Government of North Sumatra in 2023 with the Standards Government Accounting. Formosa Journal of Sustainable Research, 4(5), 867–876. https://doi.org/10.55927/fjsr.v4i5.287

Sofyan, A., Nurjaman, K., & Joharudin, A. (2025). Examining Spending Efficiency and Budget Realization Growth in Regional Financial Performance: A Study of West Java Province. International Journal of Science and Society, 7(1), 434–454. https://doi.org/10.54783/ijsoc.v7i1.1392

Tejaarief, B., & Husni, M. (2025). a Study on How the Regional Financial Independence Ratio Supports Regional Autonomy in Serang City. Journal of Management : Small and Medium Enterprises (SMEs), 18(1), 517–525. https://doi.org/10.35508/jom.v18i1.19017

Widajanto, M. B., Dewi, P. P., Farrah, R., & Ayu, D. (2022). The influence of regional original revenues , balancing funds and capital expenditures on the financial performance of regency / city regional governments of east java province. 10(02), 40–47.

Yanti, R. D., Ruliana, T., & Latif, I. N. (2025). Regional Financial Management in the Government of Kutai Timur Regency Based on Law Number 23 of 2014. International Journal of Business Management and Economic Review, 08(03), 128–136. https://doi.org/10.35409/ijbmer.2025.3677

Yustriawan, D. (2021). Pengaruh Dana Perimbangan terhadap Pendapatan Perkapita melalui Belanja Modal Sebagai Variabel Intervening di Kabupaten/Kota Provinsi Sumatera Utara. Owner: Riset & Jurnal Akuntansi, 5, 717–725. https://doi.org/10.33395/owner.v5i2.609


Refbacks

  • There are currently no refbacks.


 

 

 

 

 

 

 

Editorial Office:

Universitas PGRI Madiun

Kampus 3 Lantai 2

Fakultas Ekonomi dan Bisnis

Jl. Auri no. 14-16 Madiun