Izazovi javnih finansija srpske privrede u uslovima pandemije izazvane kovidom 19

Abstract

The corona virus pandemic has brought a great dilemma to economic policy makers. How to maintain a satisfactory level of economic activity, and at the same time provide adequate health care for the population? Epidemiological measures introduced for the health protection of the population have affected the reduction of economic activity in all industries which involve a large number of people in one place. Increased expenditure on health care and assistance to the economy in order to maintain liquidity and employment on the one hand and reduced inflow of public revenues due to weaker economic activity on the other hand, have affected the budget deficit. The extent to which Serbia has managed to balance these two contradictory demands is the topic of this paper. Did the decisions of the Crisis Council adequately balance the preservation of health and the efficiency of the economy? It was analyzed which monetary and fiscal policy measures were implemented, to what extent they preserved the stability of the domestic economy and what is the perspective of economic recovery.