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.
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Author
Utz,Robert Johann, Mastruzzi,Massimo, Vazquez Ahued,Francisco, Tawfik,Ehab Adel Samir
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Document Date
2022/06/23
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Document Type
Report
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Report Number
155813
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2022/06/23
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Disclosure Status
Disclosed
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Doc Name
An Overview of the Potential Impact of the COVID-19 Crisis on the Accumulation of Government Expenditure Arrears
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Keywords
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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Citation
Utz,Robert Johann Mastruzzi,Massimo Vazquez Ahued,Francisco Tawfik,Ehab Adel Samir
An Overview of the Potential Impact of the COVID-19 Crisis on the Accumulation of Government Expenditure Arrears (English). Equitable Growth, Finance and Institutions Insight Washington, D.C. : World Bank Group http://documents.worldbank.org/curated/en/673331610536300640/An-Overview-of-the-Potential-Impact-of-the-COVID-19-Crisis-on-the-Accumulation-of-Government-Expenditure-Arrears