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COVID-19 policy responses: reflections on governmental financial resilience in South Asia

Upadhaya, B and Wijethilake, C and Adhikari, P and Jayasinghe, K and Arun, T (2020) 'COVID-19 policy responses: reflections on governmental financial resilience in South Asia.' Journal of Public Budgeting, Accounting and Financial Management, 32 (5). 825 - 836. ISSN 1096-3367

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Abstract

Purpose: First, the paper examines the short-term fiscal and budgetary responses of the South Asian governments to the COVID-19 pandemic. Next, it brings out the implications of such responses, focusing on India, Nepal and Sri Lanka. Design/methodology/approach: The paper is based on multiple secondary data sources, including the viewpoints of experts and government officials. Data are analysed using the ideas of financial resilience. Findings: South Asian governments' response to the pandemic shows a gap in understanding the magnitude of the problem and in developing financial resilience. This paper points out the importance of avoiding austerity, becoming more cautious in accepting lending conditions, rethinking public sector accountability and revitalising mutual collaboration through SAARC for developing financial resilience, both at individual country and regional levels. Originality/value: The study offers some insights on policy implications for South Asian governments in terms of building financial resilience to deal with future crises.

Item Type: Article
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
Depositing User: Elements
Date Deposited: 08 Oct 2020 13:17
Last Modified: 04 Jun 2021 17:15
URI: http://repository.essex.ac.uk/id/eprint/28867

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