Governments most likely will finance 80 to 90 percent of the estimated $30 trillion fiscal gap through conventional debt, but a thoughtful approach to balance-sheet funding, revenue-stream optimization, and the containment of spending could give them medium- to long-term support in funding the additional debt burden accumulated during the COVID-19 crisis.
To read the article, see “Closing the $30 trillion gap: Acting now to manage fiscal deficits during and beyond the COVID-19 crisis,” July 16, 2020.