PENGARUH TRANSFER DANA PERIMBANGAN DAN DANA PENYESUAIAN TERHADAP ALOKASI BELANJA MODAL PEMERINTAH DAERAH DI INDONESIA TAHUN 2012-2014

The issue of inter-regional development imbalances and fiscal disparities into the current fiscal decentralization
issues. The toughest challenge in building fiscal decentralization not only gives funds to local governments, but
creating impact of improving the quality of public services and economic growth. Transfer to the area has
increased every year. However, this increase has not been maximized to reduce poverty, equitable distribution of
infrastructure, fiscal gap, and competitive regional economy.
Research funds for fiscal decentralization in some countries have done long before the implementation of
regional autonomy. The result will vary according to the characteristics of the area in the country. In addition to
a variety of research results, the implementation of regional transfers caused disagreement. Indonesia has a
diversity of characteristics and distribution of a wide area. An interesting question is whether the increase in
transfers to the regions to encourage regional development through capital expenditure area.
The study uses a quantitative approach that is explanatory research with two research data is local government
that receives DID for three consecutive years and areas that do not pay attention DID streak. Regression analysis 

involves five independent variables, transfer funds DAU, DAK, DBH, DID, BOS seta dependent variable is the
area of capital expenditure. The research data come from reports on realization of the budget and Transfer To
The Financial Statements year period 2012-2014.
The first test results prove DAU, DAK, DBH, and DID have a significant effect on capital spending area with
probability signifkansi each less than 0.05. These results are in line with the theory of fiscal federalism. BOS
whereas no significant effect on capital spending area with p-value of 0.379. BOS as the provision of basic
education aid has not been able to provide flexibility to the budget to increase the use of capital expenditure. The
results of the second test with the data local governments do not pay attention DID streak gives similarity with the
results of the first test except variable DID no significant effect on capital spending. All variables simultaneously
affect the area of capital expenditure.