State and local governments are expected to face budget shortfalls due to rising healthcare costs and widespread unemployment rates due to the Covid-19 pandemic.
Governments may soon be forced to consider cutting spending allocations in other areas, such as education.
Macroeconomic influencers share their views on the Covid -19 impact.
Konstantina Beleli, an economist, shared an article on how the Covid-19 pandemic may impact government budgets at the state and local levels.
The article notes that government may be forced to cut budget allocations to areas such as education and infrastructure.
