The COVID-19 Pandemic has changed global economies’ outlook since early June 2020. Economies in every region experienced growth downgrades. For example: East Asia and the Pacific grew by just 0.5%; South Asia contracted by 2.7%; Sub-Saharan Africa contracted by 2.8%, Middle East and North Africa by 4.2%, Europe and Central Asia by 4.7%, and Latin America by 7.2%.
The Caribbean has not escape the wrath of the Pandemic with individual countries experiencing drastic declines in GDP, employment and standards of living. Focusing on the Caribbean only, write a research paper of not more than 2500 words on how the Pandemic negatively and positively affected governments and or government own organizations of the Caribbean. You may use any government organization of any country/countries in the Caribbean as example(s) to illustrate and explain your answers clearly.

1). Budgeting as a managerial tool government organizations to account for changing revenues and costs.
2). The economic environment with respect to sources of revenue, capital receipts and management strategies.
3). The main public expenditures e.g. salaries/emoluments, Capital Votes and the rules that guide these disbursements.
4). The “Value for Money” assessment of government spending.

Answer rating: 100% (QA)

When the COVID19 pandemic hit LAC in late February 2020 most governments moved quickly to provide swift and decisive responses to control the outbreak and tackle its economic and social impacts While ... View the full answer