Fiscal Compliance and Fiscal Response to the COVID-19 Crisis in Visegrad and Baltic States

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F23%3A39920827" target="_blank" >RIV/00216275:25410/23:39920827 - isvavai.cz</a>
Result on the web
<a href="https://editorial.upce.cz/1804-8048/31/1/1587" target="_blank" >https://editorial.upce.cz/1804-8048/31/1/1587</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.46585/sp31011587" target="_blank" >10.46585/sp31011587</a>

Result language
angličtina
Original language name
Fiscal Compliance and Fiscal Response to the COVID-19 Crisis in Visegrad and Baltic States
Original language description
The coronavirus crisis, which began in 2020, had a major impact on the fiscal policies of the EU member states. Governments increased their spending to support economies affected by quarantine measures. Expenditure increase and revenue reduction made EU countries non-compliant with the requirements set by the Stability and Growth Pact, adopted to balance fiscal policies. However, countries were affected differently and used different fiscal measures. The paper discusses differences in fiscal response to the COVID-19 crisis among Baltic and Visegrad countries. The paper aims to analyse how the fiscal response in 2020 correlates with their fiscal indicator's compliance in the pre-crisis period (2004-2019). The results suggest that the states could be divided into two subgroups according to their fiscal stance before 2020 and their reactions to the shock. The first group, consisting of Hungary, Poland, and Slovakia, represent states with a higher level of public debt, lower compliance with the debt and deficit rules, and higher expenditures. Hungary stands out among the states, while Estonia and the Czech Republic have the best compliance scores.
Czech name
—
Czech description
—

Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50206 - Finance

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical
Scientific Papers of the University of Pardubice - Series D, Faculty of Economics and Administration
ISSN
1211-555X
e-ISSN
1804-8048
Volume of the periodical
31
Issue of the periodical within the volume
1
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
16
Pages from-to
1587
UT code for WoS article
001041317500002
EID of the result in the Scopus database
2-s2.0-85163611384

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