In order to ensure the stability and development of its economy, the state constantly changes the priorities of fiscal policy depending on the socio-economic situation. As a result, the state creates conditions for the development of economic entities that determine measures to support activities. At the same time, the State is taking measures to ensure a stable flow of funds that will be concentrated in the budget to fulfill the function of the State. In the article, the author studied crises, their causes, their features, as well as patterns in their occurrence. In addition, the author, studying the economic crisis and its consequences that occurred in all countries of the world due to the Covid-19 pandemic, assessed its impact on the state of the economies of countries and sectors of the economy. The fact that during the pandemic, the state fiscal policy will change and its goal will be aimed at overcoming the economic crisis. The society has studied the views on the economic crises that have occurred.

Crisis, causes of the crisis, consequences of the crisis

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It was prepared based on the information of the International Monetary Fund.

Impact of COVID-19 on Various Industries, May 18, 2020.