Balance sheet-based policies in COVID‑19 fiscal packages: How to improve transparency and risk analysis?

Delphine Moretti, Thomas Braendle and Alexandre Leroy
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Delphine Moretti: OECD
Thomas Braendle: OECD
Alexandre Leroy: OECD

OECD Journal on Budgeting, 2021, vol. 21, issue 2

Abstract: This article discusses why the composition of emergency fiscal packages in response to the COVID-19 pandemic make it important for governments to monitor and manage their balance sheets going forward. It analyses current practices with transparency and risk analysis concerning balance sheet-based measures drawn from case studies of nine OECD countries. It then identifies further steps governments should consider to increase transparency and strengthen risk analysis on COVID-19 related balance sheet-based policies that will help to strengthen fiscal frameworks.

Keywords: fiscal risks; shocks; public finance; contingent liabilities; balance sheet; COVID-19 (search for similar items in EconPapers)
JEL-codes: H50 H61 (search for similar items in EconPapers)
Date: 2021
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