The coronavirus pandemic has caused major damage to the European and global economy, and both Slovenia and the Great Britain have responded to the crisis in different ways. The two governments take strong economic measures in response to the sharp decline in global output caused by the massive economic disruption because of Covid-19 pandemic. Fiscal and monetary authorities acted to provide immediate liquidity support, replace lost household income, save jobs and prevent widespread bankruptcies.
The thesis does not deal with all areas of economic measures, but focuses mainly on measures to preserve jobs, measures to keep public services running, measures to preserve liquidity and measures to preserve the social situation. The thesis seeks to analyse the impact of these measures on the public finances (deficit and debt) and on fiscal trends in 2020 and 2021; and at the same time to provide results on the changes brought about by the economic crisis.
It seems that even after the end of the epidemic, its fiscal effects will continue, as most countries will face a higher debt burden due to their expansionary fiscal policies and it will take some time for economic activity to return to pre-pandemic levels.
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