EFFICIENCY ANALYSIS OF GOVERNMENT SHARIA SECURITIES AS INDONESIA STATE BUDGET…

The budget deficit system in the Indonesian State Budget has become a system that is always used after the 1998 reform. State Sukuk or Government Sharia Securities (SBSN) is one of the financial instruments to cover the difference between state revenues and expenditures. SBSN is based on Islamic law so that there is no element of usury in it. However, the popularity of SBSN still has …