Cost Assessment for the Province of North Kalimantan via the Economic Recovery Program

Abstract

The 2020 COVID-19 pandemic has caused minor fluctuations in the provincial budget, which has prompted the provincial government to reevaluate its priorities and make tough financial decisions, such as allocating funds to essential programs like education, healthcare, and infrastructure versus less pressing matters. This study uses the least square method to forecast and examine North Kalimantan's budget for its economic recovery program from 2023 to 2030. North Kalimantan's budget estimates show a little rise in order to fund its Economic Recovery Program. The most significant budget increase is anticipated to take place in 2023, when all programs are expected to be completed in preparation for the national election in 2024.