The COVID-19 Pandemic and Its Implications for Government Deficits and Public Debt – International Perspective

Abstract

The COVID-19 pandemic is a global threat. The effects of the coronavirus pandemic are multidimensional and multifaceted. The pandemic has already changed individual lives, functioning of businesses, operation of national economies, organization of international relations. The paper examines fiscal support measures adopted as a response for the COVID-19 pandemic and their impact for government deficits and public debt in selected economies. The research was conducted with the use of statistical data provided by International Monetary Fund.

Keywords

• covid-19 pandemic
• public debt
• fiscal support