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The Reflection of COVID-19 Pandemic in the State Budget of the Slovak Republic: Selected Problems

In: Applied Economic Research and Trends

Author

Listed:
  • Janka Grofčíková

    (Department of Finance and Accounting)

  • Katarína Izáková

    (Department of Finance and Accounting)

Abstract

The years 2020 and 2021 were statistically significant in terms of the unprecedented impact of the COVID-19 pandemic. There has been a sharp decline in economic and social activity, a decline in revenues going to the public administration budget, and an increase in public spending on support schemes and tools. The aim of the chapter is to examine the changes in the volume of income and expenditure of the state budget, as the most important part of the public administration balance sheet, during the period of the COVID-19 pandemic and to identify the causes of deviations in the cash flows of the state budget of the Slovak Republic. Changes in the volume of income and expenses were compared on a daily basis using the Wilcoxon signed-rank test. The monitored period is the years 2018 to 2021. Our findings point to strong financial support aimed at mitigating the consequences of the pandemic both at the national level and from the EU, which was statistically significantly reflected in the ongoing implementation of the state budget, specifically in the items of income from grants and transfers and in the total and current expenditures of the state budget.

Suggested Citation

  • Janka Grofčíková & Katarína Izáková, 2024. "The Reflection of COVID-19 Pandemic in the State Budget of the Slovak Republic: Selected Problems," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Applied Economic Research and Trends, chapter 0, pages 351-366, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-49105-4_21
    DOI: 10.1007/978-3-031-49105-4_21
    as

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