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COVID-19 AND FISCAL MEASURES IN EUROPE
Submitted by christian on Sun, 03/29/2020 - 13:25
- Immediate fiscal impulse: Additional government spending (such as medical resources, keeping people employed, subsidizing SMEs, public investment) and foregone revenues (such as the cancellation of certain taxes and social security contributions). These types of measures immediately lead to deterioration of the budget balance without any direct compensation later.
