2020 1

Directions of State Policy to Support Various Groups of the Population and Enterprises During the COVID-19 Pandemic

О.О. Khandii,
PHD in Economic Sciences
ORCID https://orcid.org/0000-0002-7926-9007
e-mail: alkhandiy@ukr.net
Institute of Industrial Economics of the NAS of Ukraine, Kyiv

Citation Format
Khandii O.O. Directions of State Policy to Support Various Groups of the Population and Enterprises During the COVID-19 Pandemic. Management of Economy: Theory and Practice. Chumachenko’s Annalscollection of scientific papers / Institute of Industrial Economics of the NAS of Ukraine. Kyiv, 2020. P. 3-18. DOI: https://doi.org/10.37405/2221-1187.2020.3-18


The impact of quarantine restrictions imposed by the Government of Ukraine had a double effect. It consisted of curbing the spread of coronavirus disease throughout the country and reducing the business activity of some enterprises and the complete cessation of activities of others, which led to a reduction in labor force and rising unemployment, lower GDP and income. Areas of state support to minimize the negative effects of restrictive measures related to the spread of coronavirus COVID-19 were explored in the article by such target groups as employers and the population, including the employed, unemployed, pensioners, IDPs, privileged categories population, those who fell ill with COVID-19. Partial unemployment benefits, credit vacations, tax preferences, cheaper loans for farmers, financial support for agribusiness development, information support, round-the-clock free online consultations for small and medium-sized businesses were highlighted among the main measures of state business support.
Amendments to the State Budget of Ukraine to establish the COVID-19 Acute Respiratory Disease Fund have been analyzed and the main expenditure items of this Fund have been analyzed. The COVID-19 Acute Respiratory Disease Foundation provides funding to support groups affected by the pandemic and to strengthen the capacity of the health care system to provide care to those affected by COVID-19. Emphasis was placed on the need to involve the state, business and every citizen of the country in overcoming the spread of coronavirus disease. Anti-crisis measures to counter the spread of the COVID-19 pandemic and reduce the socio-economic consequences in the labor sphere for the state, employers and the population were proposed. It was concluded that it is important to adhere to the principle of social responsibility and achieve balance in public decisions on the distribution of financial and economic burden of the coronavirus crisis between the state, community, business and population, taking into account these decisions in strategic and medium-term documents on COVID-19 pandemic.

state support, COVID-19 pandemic, socio-economic consequences, State budget, anti-crisis measures.


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