An Overview of the Potential Impact of the COVID-19 Crisis on the Accumulation of Government Expenditure Arrears
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...
| Main Authors: | , , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/673331610536300640/An-Overview-of-the-Potential-Impact-of-the-COVID-19-Crisis-on-the-Accumulation-of-Government-Expenditure-Arrears http://hdl.handle.net/10986/35042 |
| 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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