ENHANCING PUBLIC POLICY COMMUNICATION: UTILIZING SHARIA STATE SECURITIES (SBSN) AS DEFENSE FINANCIAL RESOURCES

Abstract

The allocation of Sharia Government Securities (SBSN) as a financial resource for the Ministry of Defense and the Indonesian National Armed Forces (TNI) is a new policy. However, the implementation communication process reveals a significant gap in understanding among institutions regarding SBSN policies. This research investigates this phenomenon using structuration analysis to identify causes and proposes inter-agency policy structuration to enhance control over SBSN financial resources for defense. Employing qualitative methods supported by expert panels, the research focuses on the structuration and communication of public policy among the Ministry of Defense, Ministry of Finance, Bappenas, and the Indonesian Navy to empower SBSN financial resources. Findings highlight a lack of understanding and delayed program awareness, originating from its belated inclusion in the 2021 Macroeconomic Framework and Fiscal Policy Principles document. SBSN financing is seen as crucial for realizing the TNI AL (Navy) program under the Ministry of Defense's authority, with policy negotiations predominantly influenced by Bappenas.

Keywords

• sharia government securities (sbsn)
• financial resources
• public policy communication
• qualitative methods
• defense stakeholders