SMLL - COVID-19 Debt: Impact And Consequences
The only man who sticks closer to you in adversity than a friend is a creditor. ? Unknown
Ever since COVID-19 disrupted our economy, the government has passed four bills to help people and businesses fight off the pandemic’s impact on the economy and the healthcare sector. The Treasury Department moved into top gear and has borrowed about $3 trillion since March 2020 to finance these bills ($2.4 trillion) and to cover against other effects of the downturn.
Image Source: PGP Foundation
About 78% of the new 2020 COVID-19 debt has been raised by issuing