Aggregate Fiscal Impact of COVID-19
This note analyzes the short-term effects of the COVID-19 (coronavirus) shock during the first year of the crisis and presents alternative medium-term recovery scenarios. It asks a set of questions, and in answering those questions, provides policy suggestions for the Vietnamese authorities'consideration. These questions are: (i) How were tax revenues affected by the shock, and how, in turn, did they affect the fiscal space available to the authorities What tax measures did the authorities implement to mitigate the shock and how successful were they What are the implications for any future tax policy and tax administration reforms (ii) How did the COVID-19 shock affect expenditures What fiscal measures did the authorities implement to mitigate the shocks, and how successful were they (iii) How did the shock affect fiscal balances and public debt (iv) What are the growth and fiscal prospects in the medium term
Main Author: | World Bank |
---|---|
Format: | Report biblioteca |
Language: | English |
Published: |
World Bank, Washington, DC
2021-11-01
|
Subjects: | CORONAVIRUS, COVID-19, PANDEMIC IMPACT, ECONOMIC SHOCK, FISCAL TRENDS, REVENUES, PUBLIC EXPENDITURE, PUBLIC DEBT, ECONOMIC OUTLOOK, PUBLIC INVESTMENT, |
Online Access: | http://documents.worldbank.org/curated/undefined/398321636737256503/Vietnam-Fiscal-Update-Aggregate-Fiscal-Impact-of-COVID-19 http://hdl.handle.net/10986/36607 |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Similar Items
-
An Overview of the Potential Impact of the COVID-19 Crisis on the Accumulation of Government Expenditure Arrears
by: Utz, Robert, et al.
Published: (2021-01) -
Mali Economic Update, Spring 2021 : Protecting the Vulnerable during the Recovery
by: World Bank
Published: (2021-06-10) -
Europe and Central Asia Economic Update, Spring 2021 : Data, Digitalization, and Governance
by: World Bank
Published: (2021-03-30) -
Myanmar Economic Monitor, June 2020 : Myanmar in the Time of COVID-19
by: World Bank
Published: (2020-06-26) -
The Impact of COVID-19 Crisis on Subnational Public Finance : The Case of Danang City
by: World Bank
Published: (2021-11-01)