Analysis of National Financial Policy in the 2020-2024 RPJMN

The 2020-2024 RPJMN is a strategic planning document that guides national development policies, including state financial management, to support economic growth and societal well-being. The state financial policy within the RPJMN encompasses revenue, expenditure, and financing aspects that must be optimally managed to achieve sustainable and inclusive development targets. This study aims to evaluate the implementation of state financial policies in the 2020-2024, identify challenges in fiscal management, and provide policy recommendations to enhance the effectiveness and efficiency of state financial management in the future. The research employs a descriptive method with a qualitative approach. Data were obtained from official government documents, academic journals, and financial institution publications, which were then analyzed using data reduction, data presentation, and conclusion-drawing techniques. The findings indicate that the analysis of state financial policies in the 2020-2024 RPJMN emphasizes its strategic role in optimizing resources to support national development priorities. Although various strategies have been implemented, their execution faces challenges such as global economic uncertainty, climate change, and social inequality, necessitating policy adjustments. Therefore, more adaptive and sustainable financial policies are required to maintain economic stability and ensure the achievement of national development targets. This study provides empirical insights that can inform policymakers in designing more resilient and forward-looking fiscal policies. The findings contribute to the academic discourse on public financial management by highlighting the importance of policy adaptability in response to dynamic socio-economic and environmental factors.