State budget balancing strategies: COVID‐19 and the Great Recession

IF 0.9 Q4 PUBLIC ADMINISTRATION

Public Budgeting and Finance Pub Date : 2021-06-09 DOI:10.1111/pbaf.12299

M. Rubin, Katherine G. Willoughby

引用次数: 5

Abstract

Abstract This research compares state budget balancing strategies taken during the COVID‐19 pandemic and the Great Recession of 2007–2009. Distinguishing features of the two crises, as well as differences among the states, lead them to engage such strategies in similar and dissimilar ways. Federal aid during both fiscal disasters is also distinctive. During the Great Recession, federal stimulus funds to states supported budget balancing efforts. In contrast, until the COVID‐19 relief bill of March 2021, federal assistance was primarily funneled directly to individuals and businesses and for pandemic‐specific spending. This left states on their own to close budget gaps fueled by COVID‐19.

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国家预算平衡策略:COVID - 19和大衰退

摘要本研究比较了2019冠状病毒病疫情和2007-2009年大衰退期间采取的国家预算平衡策略。这两次危机的不同特征，以及各国之间的差异，导致它们以相似和不同的方式采取这种策略。在这两次财政灾难期间，联邦政府的援助也各不相同。在大衰退期间，联邦对各州的刺激资金支持预算平衡工作。相比之下，在2021年3月的新冠肺炎救济法案出台之前，联邦援助主要直接用于个人和企业以及针对疫情的支出。这使得各州只能自行填补2019冠状病毒病造成的预算缺口。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Public Budgeting and Finance PUBLIC ADMINISTRATION-

CiteScore

2.10

自引率

14.30%

发文量

期刊介绍： Public Budgeting & Finance serves as a forum for the communication of research and experiences on all facets of government finance and provides meaningful exchange between research from universities, private and nonprofit research institutes, practitioners in public financial markets, government agencies, and the experience of those who practice government budgeting and finance. Researchers, practitioners, and teachers of applied government finance turn to Public Budgeting & Finance to find understandable, reliable, and thoughtful analysis of issues important in the field. The content of the journal spans the spectrum of budget process and policy and financial management, is never limited to one level of government or even to one country, and always even-handedly crosses disciplines and approaches in applied government finance.