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Consumption and tax gains attributable to Covid-19 vaccinations in 12 EU countries with low vaccination rates.
Cylus, Jonathan; Walters, Jessica; McKee, Martin; Cowley, Peter.
Affiliation
  • Cylus J; European Observatory on Health Systems and Policies, London, UK.
  • Walters J; LSE Health, Department of Health Policy, London School of Economics and Political Science, London, UK.
  • McKee M; Department of Health Services Research and Policy, London School of Hygiene and Tropical Medicine, London, UK.
  • Cowley P; WHO Barcelona Office for Health Systems Financing, World Health Organization Regional Office for Europe, Barcelona, Spain.
Eur J Public Health ; 33(2): 228-234, 2023 04 01.
Article in En | MEDLINE | ID: mdl-36780609
BACKGROUND: The Covid-19 pandemic is an economic and a health crisis. Households reduced consumption expenditures as large-scale physical distancing measures, lower disposable incomes and fear of infection when engaging in many types of economic activity took hold. This, in turn, reduced domestic tax revenues at a time when governments were facing increased financial pressures to strengthen and sustain welfare states. METHODS: We developed a simulation model, the Covid-19 Taxination Simulator, to estimate potential economic gains and tax revenues attributable to vaccine rollouts. We apply the model to 12 European Union countries which had low vaccination rates at the beginning of 2022. RESULTS: The highest growth in aggregate personal consumption expenditure attributable to Covid-19 vaccines administered as of January 2022 is in Greece (10.8%), Slovenia (8.6%) and Czechia (8.6%), while the lowest is in Bulgaria (2.2%) and Slovakia (2.1%). If countries had vaccinated 85% of their adult population, the largest gains in consumption tax revenues would be expected in Romania (830 million Euros) and Poland (738 million Euros). Consumption tax revenues generated by meeting the 85% of the adult population target would, on their own, be large enough to fully cover the costs of expanding the vaccine rollout itself in Estonia, Latvia, Slovenia, Croatia, Czechia, Hungary and Greece. CONCLUSION: Covid-19 vaccination rollouts not only save lives and relieve pressures on health systems, they also support economic growth and generate additional tax revenues. These revenues can partially offset the costs of vaccines programmes themselves.
Subject(s)

Full text: 1 Database: MEDLINE Main subject: COVID-19 Vaccines / COVID-19 Limits: Adult / Humans Country/Region as subject: Europa Language: En Journal: Eur J Public Health Journal subject: EPIDEMIOLOGIA / SAUDE PUBLICA Year: 2023 Type: Article

Full text: 1 Database: MEDLINE Main subject: COVID-19 Vaccines / COVID-19 Limits: Adult / Humans Country/Region as subject: Europa Language: En Journal: Eur J Public Health Journal subject: EPIDEMIOLOGIA / SAUDE PUBLICA Year: 2023 Type: Article