ESCWA Publication: E/ESCWA/2020/Policy Brief.13
Country: Arab region
Publication Type: Policy briefs
Cluster: Shared Economic Prosperity
Focus Area: Debt and fiscal policy, Macroeconomics
Initiatives: Debt Optimization to Enhance Fiscal Space, Social Expenditure Monitor for Arab States, COVID-19 Stimulus Tracker, Public finance and inclusive fiscal policy
SDGs: Goal 16: Peace, Justice and Strong Institutions
Keywords: Covid-19, Fiscal policy, Arab countries
Limited fiscal space puts the Arab region recovery from COVID-19 at risk
July 2020
Governments worldwide have announced fiscal stimulus packages amounting to $9.6 trillion, which includes about $100 billion in the Arab region, to fight the severe health and economic impacts of COVID-19. However, there are significant differences in stimulus packages between the developed and the developing countries. With limited fiscal space, the low- and middle-income countries face greater risks of meeting expenditure needs to recover better and mitigate the impact of COVID-19.
Related content
Debt and fiscal policy
, Macroeconomics
,
Governments worldwide have announced fiscal stimulus packages amounting to $9.6 trillion, which includes about $100 billion in the Arab region, to fight the severe health and economic impacts of COVID-19. However, there are significant differences in stimulus packages between the developed and the developing countries. With limited fiscal space, the low- and middle-income countries face greater risks of meeting expenditure needs to recover better and mitigate the impact of COVID-19.
