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.
Información
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Autor
Utz,Robert Johann, Mastruzzi,Massimo, Vazquez Ahued,Francisco, Tawfik,Ehab Adel Samir
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Fecha del documento
2022/06/23
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Tipo de documento
Informe
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Número del informe
155813
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Volumen
1
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Total Volume(s)
1
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País
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Región
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Fecha de divulgación
2022/06/23
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Disclosure Status
Disclosed
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Nom. del doc.
An Overview of the Potential Impact of the COVID-19 Crisis on the Accumulation of Government Expenditure Arrears
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Palabras clave
Equitable Growth, Finance & Institutions; Payments for Goods and Services; government expenditure; accumulation of arrears; Federated States of Micronesia; public expenditure management handbook; fixed exchange rate regime; national health insurance fund; arrears accumulation; change in arrears; global financial crisis
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