NERACA PERDAGANGAN (BALANCE OF TRADE), NERACA PEMBAYARAN (BALANCE OF PAYMENT) DAN PINJAMAN NEGARA

Authors

  • Ahmad Wahyudi Zein Universitas Islam Negeri Sumatera Utara
  • Cici Mutia Siregar Universitas Islam Negeri Sumatera Utara
  • Muhammad Haykal Universitas Islam Negeri Sumatera Utara
  • Sofia Damayanti Hasibuan Universitas Islam Negeri Sumatera Utara

DOI:

https://doi.org/10.61722/jiem.v4i1.8229

Keywords:

Balance of trade, economic balance ,exports and imports , policy imports, external debt.

Abstract

This journal examines the intrinsic relationship between the balance of trade, balance of payments, and government debt as key components of a national economy. The balance of trade (surplus or deficit) is a critical part of the balance of payments, which reflects all economic transactions between a country and the rest of the world. When the balance of payments experiences a long-term deficit, countries often rely on government debt to cover the shortfall-though this also poses risks of increasing debt burdens. This study analyzes the mechanism of their interrelationship, positive and negative impacts, and policy implications for maintaining economic stability, with a concrete case study of Indonesia between 2004-2023 to illustrate these dynamics in practice.

References

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International Monetary Fund. (2021). External Balance Assessment of Emerging Market Economies. IMF Working Paper.

Kementerian Keuangan Republik Indonesia. (2023). Laporan Pengelolaan Utang Negara Tahun 2023. Jakarta: Kementerian Keuangan.

Macroeconomics. Worth Publishers.

Sukirno, S. (2007). Makroekonomi Teori Pengantar. PT RajaGrafindo Persada.

Siregar, R. Y., & Wardhana, A. (2020). Current account dynamics and external debt sustainability in Indonesia. Bulletin of Indonesian Economic Studies, 56(2), 175–198.

Yusuf, M., & Rangkuty, A. A. (2019). Ekonomi Internasional. Mitra Wacana Media.

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Published

2026-01-06

Issue

Section

Articles