Purpose: This study analyzes the regional financial performance of Papua Province based on three indicators: the degree of fiscal decentralization, the regional financial dependency ratio, and the regional financial independence ratio.
Research Methodology: The study uses a quantitative descriptive approach applied to the Regional Revenue and Expenditure Budget (APBD) realization reports of Papua Province for the 2015-2024 fiscal years. Data were analyzed using fiscal decentralization degree analysis, the regional financial dependency ratio, and the regional financial independence ratio.
Results: The average fiscal decentralization degree was 10.68%(poor), with an instructive relationship pattern in which the central government remained dominant. The average dependency ratio on central transfer funds over 2015-2024 was 26.40% (moderate). The average financial independence ratio was 30.29% (low), with a consultative relationship pattern.
Conclusions: Papua Province has not yet been able to exercise fiscal autonomy optimally; regional development still depends heavily on central transfer funds, and locally generated revenue remains insufficient to finance regional governance independently.
Limitations: The study is limited to three financial-ratio indicators and to APBD realization data for a single province over 2015-2024, so the findings are not directly generalizable to other regions.
Contributions: The findings offer regional governments and fiscal policymakers empirical evidence for strengthening locally generated revenue and reducing transfer dependency, and contribute to the public-sector financial-management literature.