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Impact of COVID-19 Pandemic on Public Debt – International Perspective

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cris.lastimport.scopus2024-02-12T20:49:51Z
dc.abstract.enA direct consequence of the pandemic was the widespread occur- rence, and in many OECD countries – a growing public finance imbalance. The paper presents the results of research on the dynamics and structure of public debt, its relation to GDP and to the net borrowing of the general gov- ernment sector. The main purpose of the article is to show the impact of the pandemic on the size and structure of public debt in the largest EU economies, as well as in other selected OECD countries. An attempt was also made to identify factors that had a significant impact on the amount of public debt dur- ing the pandemic. The new debt was used primarily to finance net borrowing and, ultimately, to support the economy and selected social groups. However, as the article points out, the new debt to a significant extent financed the in- crease in liquidity in the public sector, and in some cases – a larger volume of loans granted by public sector entities and their equity investments.
dc.affiliationUniwersytet Warszawski
dc.contributor.authorBitner, Michał
dc.contributor.authorSierak, Jacek
dc.date.accessioned2024-01-25T03:44:55Z
dc.date.available2024-01-25T03:44:55Z
dc.date.issued2022
dc.description.financePublikacja bezkosztowa
dc.description.number1
dc.description.volume67
dc.identifier.doi10.2478/SLGR-2022-0014
dc.identifier.issn0860-150X
dc.identifier.urihttps://repozytorium.uw.edu.pl//handle/item/108999
dc.identifier.weblinkhttps://www.sciendo.com/pdf/10.2478/slgr-2022-0014
dc.languageeng
dc.pbn.affiliationlaw
dc.relation.ispartofStudies in Logic, Grammar and Rhetoric
dc.relation.pages269-295
dc.rightsClosedAccess
dc.sciencecloudnosend
dc.subject.encoronavirus pandemic,
dc.subject.ennet borrowing,
dc.subject.enpublic debt
dc.titleImpact of COVID-19 Pandemic on Public Debt – International Perspective
dc.typeJournalArticle
dspace.entity.typePublication