A NEW ERA IN PUBLIC FINANCE - HOW THE COVID-19 IS RESHAPING THE SCOPE AND FUNCTIONS OF PUBLIC FINANCE IN A TIME OF MIGRANT CRISIS

Throughout time public finance, more exactly the concerns regarding the income and the expenditure of public authorities and their adjustment, has been a key standing point in understanding how public finance can impact the economy. However, the current international COVID-19 crisis is reshaping the scope of public finance, meaning the ways public income, expenditure, debt and the general financial administration is being understood. Also, the main functions of public finance (allocation, distribution and stabilization) are being redesigned in order to adapt to a new are of both health and financial crisis. The purpose of this article is to take a look at the latest developments regarding these main themes, but also to anticipate the evolution of both health and public financial systems around the world.