COVID Module Question 10

Do published documents or information on the emergency fiscal policy package under consideration include information on domestic sources of financing (excluding borrowing) that will be used for specific policy initiatives?

Guidelines
As governments increased spending to face the pandemic, they also had to think about how to finance such additional expenditure.

This question looks at what information is available about how the interventions included in the emergency fiscal policy packages were financed.

While for many governments borrowing was the main source of financing (see next question), other available options include: (a) budget reprioritization—reallocating resources from lower priority programs and activities to emergency response; (b) using contingency reserves that were set aside in the original budget for emergency situations; (c) introducing new revenue measures to generate additional resources; (d) other possible financing such as proceeds from sale of assets, transfers from State-Owned Enterprises, etc.

Example: South Africa’s Economic Response Document (see Table 3) and Supplementary Budget Summary

Tick boxes: ''Please check the boxes of the items that appear in the relevant documentation. If none of the items are presented, please check ‘None of the Above’. In the comment box, please provide a detailed citation for each item selected below as described in the assessment directions as well as any additional details.''


 * ☐  Budget reallocations
 * ☐  Contingency reserves
 * ☐  Additional government revenues
 * ☐  Other (specify)
 * ☐  Explanatory narrative
 * ☐  None of the above