Economic Impact Of COVID-19 And Government Response
The number of infections have increased rapidly over the past few months, with more than 6 million confirmed cases and
over 370,000 deaths as at 1 June 2020. Disruptions in global supply chains,slowdown in investments and job losses are
some of the general impact COV-19 has on industries.The Government is also implementing the following fiscal measures
to mitigate the impact of the pandemic on businesses and household:
i) Adjustment in Expenditure
ii) External Financing
iii) Utilization of Stabilization funds
iv) Tax Incentives
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