Government Expenditure Arrears Accumulation During the COVID-19 Period : An Update
Economic shocks and crises typically lead to a sharp increase in government expenditure arrears with corrosive effects on the economy. In order to assess the evolution of government expenditure arrears during the Coronavirus (COVID-19) crisis, the...
| 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/undefined/343371635347038862/Government-Expenditure-Arrears-Accumulation-During-the-COVID-19-Period-An-Update http://hdl.handle.net/10986/36510 |
| Summary: | Economic shocks and crises typically
lead to a sharp increase in government expenditure arrears
with corrosive effects on the economy. In order to assess
the evolution of government expenditure arrears during the
Coronavirus (COVID-19) crisis, the World Bank collected
information on public expenditure arrears in client
countries in June 2020. The results of this initial data
collection exercise are reported in an MTI Insight Note (An
Overview of the Potential Impact of the Coronavirus
(COVID-19) Crisis on the Accumulation of government
Expenditure Arrears), which also discusses the definition of
government expenditure arrears, measurement and reporting
issues, the main drivers and economic consequences of
arrears accumulation, and options for preventing and
managing arrears accumulation. This note presents an update
based on information available by February 2021. |
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