The fiscal impacts of disasters originate from both short- and long-term consequences, such as deteriorating fiscal balances, economic contraction, and increase in public debt. Beyond these costs, there are other ways in which disasters affect government budgets. For example, governments with constrained fiscal space or limited pre-arranged sources of funds (such as reserve funds or insurance) are forced to raid their existing budgets and reallocate...
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2022/06/20
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Report
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172742
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1
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2022/06/21
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Disclosed
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2022/06/21
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Albania – The Impact of COVID-19-Related Budget Reallocations
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