To Evaluate The Impact Of Expansionary Fiscal Policy In Curbing The Impact Of Unemployment In The Singaporean Economy During The Covid-19 Pandemic

Author(s)	Abhinand Prakash, Shlok Nimit Panpalia
Country	India
Abstract	With the COVID-19 pandemic becoming increasingly prominent in early 2020 in Singapore, the amount of cases were on the rise. As shown in the Susceptible-Exposed-Infected-Recovered (SEIR) distribution chart, the number of people infected follows a hump-like pattern, indicating that it increased first and then fell subsequently. Given that this happened in a very short time frame, it is intriguing how the first wave of the COVID-19 pandemic and its subsequent economic consequences were dealt with incredibly well, only possible through economic policy-making, fiscal policy being primarily significant. Expansionary fiscal policy comprises policies of reduction in tax rate and increase in public expenditure undertaken by the government to increase the Aggregate Demand (AD) in the economy.
Keywords	Fiscal Policy, Indirect taxation, Public spending, Economic Downturn, Inflation, Unemployment, COVID-19
Field	Sociology > Economics
Published In	Volume 5, Issue 5, September-October 2023
Published On	2023-10-11
Cite This	To Evaluate The Impact Of Expansionary Fiscal Policy In Curbing The Impact Of Unemployment In The Singaporean Economy During The Covid-19 Pandemic - Abhinand Prakash, Shlok Nimit Panpalia - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.7377
DOI	https://doi.org/10.36948/ijfmr.2023.v05i05.7377
Short DOI	https://doi.org/gsv6jp

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