Source:unops.org

Top 20 Countries Budget(most spending) to Fight Covid-19

When you are planning for the new year, you might have been hit by the COVID-19 pandemic, and you need to know how to deal with all your financial reporting and accounting issues. You can go to a place like taxReturn.com.au for help with your tax returns, anything deductions you might make because of new tax rules, and even reporting for any financial aid you have received. Take a look at who is investing more in the future. This makes it much easier for you to know where to invest in the future. You can even go to places that will allow you to deduct more taxes, that will give you tax incentives, and that will help you save money through special tax breaks.

  1. Gambia $10 million

Source:ttgmedia.com

Gambia is releasing grants that will make it possible for people to restart their businesses and recover after the pandemic is over. A lot of people will find that it is much easier for them to get a grant in Gambia than in other countries because the country is carefully controlling how it releases funds.

  1. Zimbabwe $76 million

Grants are going out in Zimbabwe because the country would like to contribute to all the businesses that have had to shut down. The country is not giving money to large businesses because the country believes that those companies will get money from other countries or need to get funds from the World Bank. They are not sponsoring a big bailout because they do not think that it is necessary.

  1. Nigeria $222 million

Source:fodors.com

Nigeria is releasing public funds for bailouts and grants. They are putting together packages that will make it possible for them to support businesses that want to reopen after the pandemic is over. This is a great way for the country to recover, but the package is not so big that it is a major bailout of every business. This is why the country has not committed nearly as much as others.

  1. Ireland $3 billion

Ireland is committing money to every sector, and they are giving money to their citizens to make sure that people can get by while they are still sitting at home. This package could get larger, but the country already has one of the best records on COVID-19 cases.

  1. Norway $9.7 billion

Source:lifeinnorway.net

Norway already has one of the best social democratic plans in the world, and they are handing out money to people and businesses that can restart quickly. They are sending money to their citizens, and they are making sure that they update the package if they need to. This country is farther ahead than most in terms of its response, but it is not so large that it needs to spend a lot of money.

  1. Portugal $10 billion

Portugal is paying for businesses to reopen and sending money to its citizens. This is a simple bailout package like most of the others around the world.

  1. Japan $10 billion

Source:budgetdirect.com.au

Japan knows how to manage a crisis like this, and it passed a simple bailout package that can send money to the people while also helping businesses that have had to shut down.

  1. Canada $18.6 billion

Canada is sending money to every citizen every month, and the country is making that it is testing for COVID-19. The country might also do a lot more in the future because it did not use a big package in the beginning of its bailout plan.

  1. Netherlands $22 billion

Source:see.news

The Netherlands is sending out a lot of money to the people, and it is making sure that the businesses that had to shut down can keep going. Their large package for such a small country is a perfect example of a good bailout plan.

  1. Italy $28 billion

Italy has been hit very hard by the pandemic, and that is why their package is so big. They are making sure that people can get by, and they are even paying for the rent and mortgages that have been cancelled. This is something that you need to think about when reinvesting because Italy is trying very hard to recover.

  1. Denmark $30 billion

Source:lifeinnorway.net

Denmark is continuing universal basic income, and they are making sure that companies have bailout funds if they had to shut down because of the pandemic.

  1. Sweden $30 billion

Sweden’s plan mirrors Denmark and Norway. It is no surprise that most of the countries in Scandinavia are thinking the same way.

  1. EU $41 billion

The EU is sending out its own money to help businesses in the federation that have been hit by the pandemic. This is just another level of help that can be provided to people who really need it.

  1. Austria $42 billion

Source:experiences.world

Austria is bailing out the people and the tourism industry. Their large package is meant to last for most of the pandemic if needed.

  1. France $50 billion

France needs to prop up a lot of industries, and that is why they have this big package. They are also trying to make sure that people who cannot pay their rent or mortgage can do so. They also think they can get businesses restarted so that they can get people back to work.

  1. Australia $56 billion

Source:prosperity.com

Australia needed a big package because they have massive trade industries that need help along with people who need to pay their rent or mortgage.

  1. Spain $219 billion

Spain is going above and beyond because it was hit the hardest by the financial crisis in 2008. They do not want to repeat that kind of crisis again.

  1. UK $398 billion

The UK is spending even more money to make sure that people can recover because there is such a large financial sector in the UK.

  1. US $1 trillion

Source:inquirer.com

The US is sending money to the people and bailing out business, and they might spend even more in the future. They could have multiple trillion-dollar packages.

  1. Germany unlimited

Germany has said it will do whatever it takes to help people recover.

When you are reading these stats, remember which countries have done the most to recover so that you can invest there in the future.


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