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The Impact of the Covid 19 Crisis on the Fiscal Stability of Republic of Srpska

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  • Gojković Biljana

    (MSc, Head of Economic Policy and Public Finances Department, Fiscal Council of the Republic of Srpska, Bosnia and Herzegovina)

Abstract

The consequences of the COVID-19 crisis have had a negative impact on the fiscal stability of Republic of Srpska. Although the crisis is not officially over yet, a large number of countries needed to implement fiscal consolidation. Republic of Srpska is one of the small and open economies that are exposed to various negative market distortions. COVID-19 crisis of the most important foreign trade partners of the Republic Srpska has had a negative impact on the economy of Republic Srpska.

Suggested Citation

  • Gojković Biljana, 2022. "The Impact of the Covid 19 Crisis on the Fiscal Stability of Republic of Srpska," Economics, Sciendo, vol. 10(1), pages 145-156, June.
    • Handle: RePEc:vrs:econom:v:10:y:2022:i:1:p:145-156:n:10
    DOI: 10.2478/eoik-2022-0006
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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
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    More about this item

    Keywords

    GDP; deficit; Fiscal consolidation; Fiscal stability;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing

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