2020)  1.2  Lending by Domestic Commercial Banks  Lending Attitudes of Financial Institutions  Issuance Spread for CP (Rated a-1)  COVID-19 (2020/Q1)  20  7  5  0.8  Global Financial Crisis (2008/Q3)  10  Severe  0.6  0  COVID-19 (Mar.
Any budget activity must be evaluated from the beginning – by evaluating the relevance of positions, instead of increasing the base for the next years without carefully evaluating the expenditure of previous years. In this work, there should be no red lines: the budget base should be evaluated in all ministries, including the priority ones, whose expenditure was not curtailed for 2016.