The Effectiveness of Fiscal-Budgetary Measures to Counteract the COVID-19 Crisis. Evidence from EU Countries

Abstract The aim of this study is to analyse the fiscal-budgetary measures, which have been taken by almost all governments around world, including EU countries, in an attempt limit negative impact pandemic blockade. In most cases, these measures concerned granting technical unemployment, postponement tax payments, and suspension or loan instalments their maturity. present focuses especially on expenditure that countries introduced response COVID-19 crisis. With purpose, a paired sample t -test multiple linear regression are used based balanced panel data for 27 period 2000Q1–2020Q3. obtained results show crisis had significant GDP growth. At same time, increase public debt government deficit occurred due However, resuming findings, intensity, implicitly, effect depends specifics each economy.