FISCAL TOOLS AGAINST THE PANDEMIC: NEW APPROACHES TO FINANCIAL SUPPORT IN TIMES OF CRISIS

Abstract

In times of crisis, such as the COVID-19 pandemic, governments around the world have employed various fiscal tools to provide financial support to individuals, businesses, and communities. This article explores new approaches to financial support during times of crisis, focusing on the COVID-19 pandemic as a case study. It examines the effectiveness of fiscal policies, such as stimulus packages, wage subsidies, and targeted assistance programs, in mitigating the economic impact of the pandemic and supporting recovery efforts. Additionally, the article discusses innovative fiscal tools and strategies adopted by governments to address emerging challenges and uncertainties in the wake of the pandemic. By analyzing the lessons learned from the COVID-19 response, this study aims to inform policymakers, economists, and stakeholders about effective approaches to financial support in times of crisis.