Pengaruh Dana Transfer, Belanja Modal dan SILPA terhadap Kinerja Keuangan Pemerintah Daerah di Provinsi Sumatera Utara Tahun 2021-2025

Nurul Farahani; Helmina Simanjuntak

doi:10.37481/sjr.v9i4.1564

Authors

Nurul Farahani Universitas Asahan
Helmina Simanjuntak Universitas Asahan

DOI:

https://doi.org/10.37481/sjr.v9i4.1564

Keywords:

Fiscal Decentralization, Transfer Funds, Capital Expenditure, Silpa, Financial Performance

Abstract

The implementation of fiscal decentralization has increased the responsibility of local governments to manage public finances effectively. However, disparities in financial performance among local governments indicate that the effectiveness of transfer funds, capital expenditure, and budget surplus financing (SiLPA) in supporting financial performance remains inconsistent. This study aims to examine the effects of transfer funds, capital expenditure, and SiLPA on the financial performance of district and municipal governments in North Sumatra Province during the 2021–2025 period. The study employed a quantitative approach using secondary data obtained from the Directorate General of Fiscal Balance. The research covered 33 local governments observed over five years, resulting in 165 panel data observations. Data were analyzed using panel data regression, and the Fixed Effect Model was selected based on the Chow and Hausman tests as the most appropriate estimation model. The findings reveal that transfer funds have a positive and significant effect on local government financial performance, while capital expenditure has a significant negative effect. In contrast, SiLPA contributes positively to financial performance. Simultaneously, all independent variables significantly explain variations in local government financial performance. These findings provide empirical evidence regarding the determinants of regional financial performance and offer practical insights for improving fiscal management and budget allocation at the local government level.

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