Challenges for Public Financial Management During the Covid-19 Pandemic: Caveats for Developing Countries

Abstract

COVID-19 pandemic is currently challenging the public financial management in every country and apparently, it will have a permanent impact on the fiscal status all over the world. Besides, the detrimental effects of the COVID-19 on the public finances of the countries are as contagious as the virus itself. Despite the fact that almost every country in the world applied lockdown policies in every respect, the deleterious economic outcomes of the current pandemic are also viral.