Budgeting practices that tend to add administrative work, are less flexible, and less accommodating are still challenges for the public sector.  This study aims to review the meaning of performance-based budgeting in public sector based on a study of budgeting implementation at the Palangkaraya State Assets and Auction Services Office (KPKNL). The study was conducted qualitatively using an exploratory approach which was sharpened through observation, interviews, and theoretical analysis. The study results dismiss the old mindset that budgeting must increase from year to year, the deified behavior of the budget that there is no budget means a dead faint and the budget cannot be changed, and the assumption that the output of activities must be administrative and must exist beforehand. The study also supports that performance-based budgeting promotes better budget absorption and accountability. Abstrak Praktik penganggaran yang cenderung menambah pekerjaan administratif, kurang fleksibel, kurang akomodatif masih menjadi tantangan bagi sektor publik. Penelitian ini bertujuan untuk meninjau kembali makna penganggaran berbasis kinerja pada organisasi sektor publik berdasarkan studi implementasi penganggaran pada Kantor Pelayanan Kekayaan Negara dan Lelang (KPKNL) Palangkaraya. Studi ini dilakukan secara kualitatif dengan menggunakan pendekatan eksploratif yang dipertajam melalui proses pengamatan, wawancara, dan telaah teoretis. Hasil studi menepis pola pikir lawas bahwa penganggaran harus bertambah dari tahun ke tahun, perilaku mendewakan anggaran bahwa tidak ada anggaran berarti kegiatan menjadi mati suri atau terhenti, anggaran yang tidak bisa diubah, serta anggapan bahwa hasil atau keluaran kegiatan harus bersifat administratif dan harus ada sebelumnya. Studi ini juga mendukung bahwa penganggaran berbasis kinerja mendorong kinerja penyerapan anggaran instansi pemerintah dan akuntabilitas anggaran yang lebih baik.   Keywords: akuntabilitas, penganggaran berbasis kinerja, sektor publik

Objective: This study aims to provide empirical evidence about the effect of macroeconomic conditions (inflation and GDP growth) and governance (control of corruption, stability politics, and voice and accountability) on private participation in PPP infrastructure projects in Indonesia as proxied by a total investment of PPP project. Design/Methods/Approach: This study uses secondary data with annual data for the period 2003 to 2019. The data sources are obtained from the World Bank Database (WGI, WDI, and PPI). Findings: The results show that inflation, GDP growth, and stability politic have no significant effect on the total investment of the PPP in Indonesia. Meanwhile, control of corruption has a significant positive effect on the total investment of PPP, and voice and accountability have a significant negative effect on the total investment of PPP projects in Indonesia. Originality: This study differs from previous research since variables such as inflation, GDP growth, political stability, corruption control, voice, and accountability have never been used in the Indonesian context. Practical/Policy implication (optional): These findings are likely to imply government to improve corruption control so that private participation in PPP projects increases and increasingly involves citizens' participation in PPP projects.