Abstract
During the prevention and control of the COVID-19 virus, the Chinese government quickly issued various funding guarantee policies. This study analyzes the financial policies for the prevention and control of COVID-19 in China and understands China's financial support in the field of infectious disease prevention and control. The time limit is from January 22 to June 10, 2020. This study collected 78 national financial policies for COVID-19 prevention and control from the Magic of Peking University database and 9 local early treatment funding guarantee policies for visual statistical analysis. The article conducted an in-depth analysis of the government's financial support from four aspects. One is the financial support method and analyzed the financial responsibilities of the central and local governments in the field of infectious disease prevention and control. It was found that the central and local fiscal responsibilities are not well-distributed and unclear; second, the scope of financial support, the fiscal policy covers all areas, mainly medical treatment; Third, in terms of financial support scale, the outbreak prevention, and control funds have exceeded one-half of China's public health expenditures in recent years, indicating that the normalization of infectious disease prevention and control has insufficient financial support. Fourth, financial support is passive and remedial. This study summarizes the experience of China's financial support policy for COVID-19. At the same time, it provides a reference for other countries in the world affected by COVID-19 to propose effective financial policies for the prevention and control of the epidemic.
Highlights
The rapid spread of the coronavirus disease 2019 (COVID-19) around the world has triggered an unprecedented public crisis
According to the data released by the World Health Organization (WHO), as of June 10, 2020, there were more than 7.14 million confirmed cases of COVID-19 worldwide [1], and its spread rate is fast [2], with widespread impact
A total of 78 financial support policies for the prevention and control of COVID-19 were collected at the national level; 9 statistical guarantee policies for the early treatment of new coronary pneumonia were issued in 9 places for visual statistical analysis
Summary
The rapid spread of the coronavirus disease 2019 (COVID-19) around the world has triggered an unprecedented public crisis. According to the data released by the World Health Organization (WHO), as of June 10, 2020, there were more than 7.14 million confirmed cases of COVID-19 worldwide [1], and its spread rate is fast [2], with widespread impact. It has a huge impact on health and economic systems around the world. According to data from the National Bureau of Statistics of China, China’s GDP fell by 6.8% year-on-year in the first quarter of 2020, and fiscal revenue fell by 14.3% year-on-year. As an important means for the government to implement macro-control, plays a key role in quickly and effectively responding to the epidemic and maintaining stable economic operation
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