Začínající dopady SARS-CoV-2 do veřejných financí ČR: makrofinanční analýza vybraných položek rozpočtové kapitoly MPSV v komparaci s rokem 2009
The initial impacts of SARS-CoV-2 on public finances in the Czech Republic: A macro-financial analysis of selected items of the Ministry of Labour and Social Affairs budget compared to 2009

Summary/Abstract: The article provides an analysis of the initial effects of the pandemic crisis of 2020 on the public finances of the Czech Republic based on the example of the national collection of defined income tax revenues and selected indicators of the state budget. The paper endeavours to compare 2009 (at which time the impact of the mortgage crisis on the economy was addressed) with 2020. The crisis of 2009 was completely different in character from the crisis of 2020 both in terms of health and the occurrence of the pandemic itself; in 2009, the crisis hit the economy hard and the primary problem related to the financial sector. From the point of view of the Ministry of Labour and Social Affairs, the anticipated significant decrease in income from social security premiums and state employment policy contributions can already be observed. The paper also points out the fundamental difference between the planned state budget deficit and the reality in the event of an unexpected decline in the domestic economy, which forms part of the global economic environment, at a time at which public finances are under pressure following the implementation of a number of government discretionary measures.

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