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A New Era In Public Finance – How The Covid-19 Is Reshaping The Scope And Functions Of Public Finance In A Time Of Migrant Crisis

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  • Sergiu – Dan IURIAN

    (“Valahia” University of Targoviste, Romania)

Abstract

Throughout time public finance, more exactly the concerns regarding the income and the expenditure of public authorities and their adjustment, has been a key standing point in understanding how public finance can impact the economy. However, the current international COVID-19 crisis is reshaping the scope of public finance, meaning the ways public income, expenditure, debt and the general financial administration is being understood. Also, the main functions of public finance (allocation, distribution and stabilization) are being redesigned in order to adapt to a new are of both health and financial crisis. The purpose of this article is to take a look at the latest developments regarding these main themes, but also to anticipate the evolution of both health and public financial systems around the world.

Suggested Citation

  • Sergiu – Dan IURIAN, 2020. "A New Era In Public Finance – How The Covid-19 Is Reshaping The Scope And Functions Of Public Finance In A Time Of Migrant Crisis," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 5(3), pages 175-179.
    • Handle: RePEc:brc:brccej:v:5:y:2020:i:3:p:175-179
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    References listed on IDEAS

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    1. Aman Khan, 2019. "Fundamentals of Public Budgeting and Finance," Springer Books, Springer, number 978-3-030-19226-6, January.
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    More about this item

    Keywords

    scope; functions; migrant crisis; financial administration; public finance;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General

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