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An Overview of the Potential Impact of the COVID-19 Crisis on the Accumulation of Government Expenditure Arrears / Robert Utz.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Utz, Robert.
- Series:
- Other papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Business Cycles and Stabilization Policies.
- Coronavirus.
- COVID-19.
- Disease Control and Prevention.
- Financial Crisis.
- Fiscal and Monetary Policy.
- Health, Nutrition and Population.
- Macroeconomics and Economic Growth.
- Public Sector Development.
- Local Subjects:
- Business Cycles and Stabilization Policies.
- Coronavirus.
- COVID-19.
- Disease Control and Prevention.
- Financial Crisis.
- Fiscal and Monetary Policy.
- Health, Nutrition and Population.
- Macroeconomics and Economic Growth.
- Public Sector Development.
- Place of Publication:
- Washington, D.C. : The World Bank, 2021.
- System Details:
- data file
- Summary:
- The Coronavirus (COVID-19) pandemic introduced tremendous fiscal pressures for many countries, requiring additional spending to mitigate the health, economic, and social impacts of the pandemic while government revenues are falling. Governments are addressing these fiscal pressures through a range of measures, including additional borrowing and expenditure adjustments. In environments where fiscal space is tight and public expenditure management is weak, the accumulation of government expenditure arrears is likely. This note presents some early data on the impact of these fiscal pressures on government arrears in low income countries.
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