Fiscal and Monetary Policy According to Islamic Economic
Posted on : October 4, 2023 | post in : Phone Number List |Leave a reply |
Therefore, Fiscal and monetary policies in Indonesia have implemented Islamic economic views since the 1980s. Fiscal and monetary policy are two terms that are often used to describe the economic management system.
Fiscal policy is a policy made by the government which aims to achieve certain goals through regulating expenditure, taxes, subsidies, loans and regulations.
Fiscal and monetary policies in Indonesia have taken an Islamic economic view as the basis for achieving economic stability.
Islamic-based fiscal policy is a policy that regulates expenditure
Islamic-based monetary policy is a policy that regulates the amount of money circulating in the economy using interest rates, the amount of money in circulation, Therefore, and the amount of credit provided in accordance with Islamic law.
Fiscal and monetary policies in Indonesia have undergone changes in recent years. In 2017, Bank Indonesia issued a policy to increase the benchmark interest rate and reduce the amount of money circulating in the economy. This aims to increase economic stability and avoid inflation.
Apart from that, the government phonelist also issued policies to increase government spending, reduce subsidies and increase taxes. Apart from that, Bank Indonesia has also started to focus on Islamic economic concepts to develop fiscal and monetary policies.
Bank Indonesia has issued several policies to support business activities in accordance with Islamic law, such as providing sharia loans and increasing the amount of money spent to finance infrastructure projects that comply with Islamic law.
Fiscal and monetary policies in Indonesia
Have succeeded in increasing economic stability in this country. Islamic-based fiscal and monetary policies. Therefore, have succeeded in maintaining the stability of the rupiah exchange rate and reducing the inflation rate. This has helped the Indonesian economy to grow faster.
Apart from that, Islamic-based BSB Directory fiscal and monetary policies have also helped increase economic growth in Indonesia.
In the long term, fiscal and monetary policies in indonesia. Therefore, Must continue to take an islamic economic view as the basis for achieving. Economic stability. Islamic-based fiscal and monetary policies must. Follow the principles of islamic sharia such as respecting human rights, respecting private property rights, and respecting ownership rights.
By following the principles of islamic law, Therefore, fiscal and monetary. Policies in indonesia can help the indonesian economy.