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...

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Main Authors: Lacey, Eric, Massad, Joseph, Mastruzzi, Massimo, Utz, Robert
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2021
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
id okr-10986-36510
recordtype oai_dc
spelling okr-10986-365102021-11-10T05:11:35Z Government Expenditure Arrears Accumulation During the COVID-19 Period : An Update Lacey, Eric Massad, Joseph Mastruzzi, Massimo Utz, Robert PUBLIC EXPENDITURE STATE-OWNED ENTERPRISES PUBLIC DEFICIT CORONAVIRUS COVID-19 PANDEMIC IMPACT ARREARAGE 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. 2021-11-09T18:15:01Z 2021-11-09T18:15:01Z 2021-10-27 Working Paper http://documents.worldbank.org/curated/undefined/343371635347038862/Government-Expenditure-Arrears-Accumulation-During-the-COVID-19-Period-An-Update http://hdl.handle.net/10986/36510 English Equitable Growth, Finance and Institutions Insight; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PUBLIC EXPENDITURE
STATE-OWNED ENTERPRISES
PUBLIC DEFICIT
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
ARREARAGE
spellingShingle PUBLIC EXPENDITURE
STATE-OWNED ENTERPRISES
PUBLIC DEFICIT
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
ARREARAGE
Lacey, Eric
Massad, Joseph
Mastruzzi, Massimo
Utz, Robert
Government Expenditure Arrears Accumulation During the COVID-19 Period : An Update
relation Equitable Growth, Finance and Institutions Insight;
description 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.
format Working Paper
author Lacey, Eric
Massad, Joseph
Mastruzzi, Massimo
Utz, Robert
author_facet Lacey, Eric
Massad, Joseph
Mastruzzi, Massimo
Utz, Robert
author_sort Lacey, Eric
title Government Expenditure Arrears Accumulation During the COVID-19 Period : An Update
title_short Government Expenditure Arrears Accumulation During the COVID-19 Period : An Update
title_full Government Expenditure Arrears Accumulation During the COVID-19 Period : An Update
title_fullStr Government Expenditure Arrears Accumulation During the COVID-19 Period : An Update
title_full_unstemmed Government Expenditure Arrears Accumulation During the COVID-19 Period : An Update
title_sort government expenditure arrears accumulation during the covid-19 period : an update
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/undefined/343371635347038862/Government-Expenditure-Arrears-Accumulation-During-the-COVID-19-Period-An-Update
http://hdl.handle.net/10986/36510
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