Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Hong Kong, China 05 05 - Health and income support HKD 287,500,000,000 37,024,635,871
Hong Kong, China 05A 05A - Health support HKD 30,000,000,000 3,863,440,265 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#P (accessed 6 May 2020).

Establishment of a new Anti-Epidemic Fund (HKD30 billion or 1% of gross domestic product [GDP]) to enhance anti-epidemic facilities and services.

Hong Kong, China 05B 05B - Income support HKD 257,500,000,000 33,161,195,606 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#P (accessed 6 May 2020).

(i) Tax and fee reliefs and other one-off relief measures (HKD79.5 billion or 2.8% of GDP); (ii) Cash payout to permanent residents aged 18 or above (HKD71 billion or 2.5% of GDP); (iii) Employment subsidy scheme (HKD80 billion or 2.8% of GDP); (iv) Sector-specific relief measures (HKD21 billion or 0.7% of GDP); (v) Temporary job creation (HKD6 billion or 0.2% of GDP); (vi) cash payouts to permanent residents aged 18 and above (HKD71 billion or 2.5% of GDP).

Mongolia 05 05 - Health and income support MNT 5,117,000,000,000 1,856,326,885 Mongolia News Agency. https://montsame.mn/en/read/220447 (accessed 14 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 14 May 2020).

(i) March 27, The government announced its intention to provide a MNT5.1 trillion (13% of GDP) stimulus package: to ramp up health spending, to protect vulnerable households and businesses, and to support the economy. (a) MNT17 billion (0.04% of GDP) of additional health spending has been approved and allocated to epidemic prevention and control, acquisition of medical supply, and medical staff overtime salaries. This measure is financed by a Government Reserve Fund withdrawal; (b) No amount/estimate: A comprehensive set of fiscal measures has been announced, pending parliamentary approval in early April. These include (1) tax exemptions on several imported food and medical items; (2) increase of child allowance and unemployment benefits; and (3) exemptions on corporate income tax, personal income tax, and social security contributions until the end of September. In addition, the government is seeking financing to implement 14 new projects in food production, processing industries, and physical infrastructure; (ii) No amount/estimate: May 6, a second package of fiscal measures (amounting to roughly 2% of GDP) was announced to protect the vulnerable groups, i.e., (a) a further increase in child money allowance; (b) a scale-up of food stamp allowance; and (c) an increase in social welfare pensions for the elderly, disabled, dwarfs, orphans, and single parents with more than 4 children [update].

Mongolia 05A 05A - Health support MNT
Mongolia 05B 05B - Income support MNT
People's Republic of China 05 05 - Health and income support CNY 4,000,000,000,000 569,957,045,964 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 2020).

(i) An estimated CNY2.6 trillion (or 2.5 % of GDP) of fiscal measures or financing plans have been announced, of which 1.2 % of GDP are already being implemented. Key measures include: Increased spending on epidemic prevention and control; production of medical equipment; accelerated disbursement of unemployment insurance; tax relief and waived social security contributions; (ii) CNY1.4 trillion for local governments' infrastructure projects to boost investment amid slowing economic activity and trade headwinds with the United States funded by increase in the ceiling for special local government bonds of 1.3 percent of GDP. The main buyers of such bonds have been state-owned policy banks.

People's Republic of China 05A 05A - Health support CNY
People's Republic of China 05B 05B - Income support CNY
Republic of Korea 05 05 - Health and income support KRW 40,000,000,000,000 32,784,564,431
Republic of Korea 05A 05A - Health support KRW 2,100,000,000,000 1,721,189,633 OECD. https://www.oecd.org/coronavirus/en/ (accessed 24 April 2020); WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 1 May 2020).

(i) March 17, The National Assembly approved the budget of KRW2.1 trillion for disease control, i.e., epidemic prevention and treatment, support for medical institution and quarantined people; (ii) April 14, o amount/estimate: Temporary elimination of import tariffs on surgical and sanitary masks and melt blown filters until June 30, 2020.

Republic of Korea 05B 05B - Income support KRW 37,900,000,000,000 31,063,374,798 OECD. https://www.oecd.org/coronavirus/en/ (accessed 24 April 2020).

(i) February, The government announced emergency support of KRW20 trillion for households and damaged industries, such as tourism and export industries; (ii) In March 17: The National Assembly approved (a) loans and guarantees for small businesses, indirect support of wage and rent for small merchants (KRW4.1 trillion), (b) consumption coupons for the poor, emergency family care and employment retention support (KRW3.5 trillion), and (c) support for issuing local gift certificate, local government grants for infection prevention (KRW1.2 trillion); (iii) March 31, The government announced an emergency relief payment plan of KRW9.1 trillion (USD7.4 billion) to address the virus outbreak. The government plans to pay relief checks to households in the bottom 70% income bracket (around 14 million households), of up to KRW1 million (USD820) per household. For this, a second supplementary budget bill will be submitted to the National Assembly in April; and (iv) No amount/estimate: Some local governments have announced cash support for people (a) Gyeonggi province announced KRW100,000 (USD82) to all residents, and (b) Seoul and Daejeon have a similar plan without specific criteria.

Taipei,China 05 05 - Health and income support TWD 210,000,000,000 6,969,681,884
Taipei,China 05A 05A - Health support TWD 36,100,000,000 1,198,121,505 EY. https://www.ey.com/en_gl/tax/how-covid-19-is-causing-governments-to-adopt-economic-stimulus--; https://bit.ly/2A2ytcS; https://bit.ly/3cjQfGU; https://bit.ly/2YMAO66 (all accessed 8 May 2020).

(i) February 25, Taipei,China's authorities passed the statute for prevention and rehabilitation of severe infectious pneumonia (the Statute). The Statute, which was enacted accordingly, is in response to the recent COVID-19 outbreak and aims to alleviate its impact on the domestic economy and society. The budget connected with the statute is TWD60 billion (approximately USD2 billion); April: (ii) The approved budget connected with the Statute is now TWD210 billion (approximately USD7 billion); (iii) Of the TWD60 billion budget, the authorities will spend NTD19.6 billion in transforming hospitals into isolation venues, establishing quarantine and testing venues for the virus, requisitioning medical materials and allocating funds as subsidies for schools and the transportation industry to battle the virus contagion; (iv) April 23, The Cabinet allocated the bulk of a special TWD150 billion (USD4.98 billion) budget to revitalizing the domestic economy, which has been hard hit by the COVID-19 coronavirus pandemic. Of the budget, NTD16.5 billion will be used to help fund the country's health response and recovery efforts amid the COVID-19 pandemic; (v) May 8, The authorities has given final approval to the NTD150 billion (USD5.02 billion) special budget to finance measures to support the economy amid the global COVID-19 pandemic [update].

Taipei,China 05B 05B - Income support TWD 173,900,000,000 5,771,560,379 News articles: https://bit.ly/2A2ytcS; https://bit.ly/3cjQfGU (both accessed 8 May 2020); KPMG. https://bit.ly/2LvD7ms (accessed 14 May 2020).

(i) Under the TWD60 billion budget, the authorities will assign NTD40.4 billion to subsidize a wide range of industrial sectors that have been hit by the COVID-19 spread, such as the service industry, the manufacturing industry, the tourism industry, the transportation industry, the agriculture/fishing industry, and the arts/cultural industry; (ii) Of the TWD150 billion special budget, NTD133.5 billion will go toward helping with the recovery of local businesses and other entities and providing relief to self-employed workers, according to the Directorate General of Budget, Accounting and Statistics (DGBAS) [update]; (iii) Aiming at alleviating the impact of the coronavirus (COVID-19) pandemic, the authorities introduced several supportive tax measures including (a) Deferral of tax payments or by installments for affected enterprises and individuals, (b) Extension of tax filing and payment deadline under special circumstances (e.g. quarantine or isolation), and (c) Corporate income tax 200% deduction on certain salary expenses [update].

Hong Kong, China 05 05 - Health and income support HKD 287,500,000,000 37,024,635,871
Hong Kong, China 05A 05A - Health support HKD 30,000,000,000 3,863,440,265 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020).

Establishment of a new Anti-Epidemic Fund (HKD30 billion or 1% of gross domestic product [GDP]) to enhance anti-epidemic facilities and services.

Hong Kong, China 05B 05B - Income support HKD 257,500,000,000 33,161,195,606 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020).

(i) Tax and fee reliefs and other one-off relief measures (HKD79.5 billion or 2.8% of GDP); (ii) Cash payout to permanent residents aged 18 or above (HKD71 billion or 2.5% of GDP); (iii) Employment subsidy scheme (HKD80 billion or 2.8% of GDP); (iv) Sector-specific relief measures (HKD21 billion or 0.7% of GDP); and (v) Temporary job creation (HKD6 billion or 0.2% of GDP).

Mongolia 05 05 - Health and income support MNT 5,117,000,000,000 1,856,326,885 Mongolia News Agency. https://montsame.mn/en/read/220447 (accessed 13 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020).

(i) March 27, The government announced its intention to provide a MNT5.1 trillion (13% of GDP) stimulus package: to ramp up health spending, to protect vulnerable households and businesses, and to support the economy. (a) MNT17 billion (0.04% of GDP) of additional health spending has been approved and allocated to epidemic prevention and control, acquisition of medical supply, and medical staff overtime salaries. This measure is financed by a Government Reserve Fund withdrawal; (b) No amount/estimate: A comprehensive set of fiscal measures has been announced, pending parliamentary approval in early April. These include (1) tax exemptions on several imported food and medical items; (2) increase of child allowance and unemployment benefits; and (3) exemptions on corporate income tax, personal income tax, and social security contributions until the end of September. In addition, the government is seeking financing to implement 14 new projects in food production, processing industries, and physical infrastructure.

Mongolia 05A 05A - Health support MNT
Mongolia 05B 05B - Income support MNT
People's Republic of China 05 05 - Health and income support CNY 4,000,000,000,000 569,957,045,964 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 2020).

(i) An estimated CNY2.6 trillion (or 2.5 % of GDP) of fiscal measures or financing plans have been announced, of which 1.2 % of GDP are already being implemented. Key measures include: Increased spending on epidemic prevention and control; production of medical equipment; accelerated disbursement of unemployment insurance; tax relief and waived social security contributions; (ii) CNY1.4 trillion for local governments' infrastructure projects to boost investment amid slowing economic activity and trade headwinds with the United States funded by increase in the ceiling for special local government bonds of 1.3 percent of GDP. The main buyers of such bonds have been state-owned policy banks.

People's Republic of China 05A 05A - Health support CNY
People's Republic of China 05B 05B - Income support CNY
Republic of Korea 05 05 - Health and income support KRW 40,000,000,000,000 32,784,564,431
Republic of Korea 05A 05A - Health support KRW 2,100,000,000,000 1,721,189,633 OECD. https://www.oecd.org/coronavirus/en/ (accessed 20 April 2020); WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 20 April 2020).

(i) March 17, The National Assembly approved the budget of KRW2.1 trillion for disease control, i.e., epidemic prevention and treatment, support for medical institution and quarantined people; (ii) April 14, No amount/estimate: Temporary elimination of import tariffs on surgical and sanitary masks and melt blown filters until June 30, 2020.

Republic of Korea 05B 05B - Income support KRW 37,900,000,000,000 31,063,374,798 OECD. https://www.oecd.org/coronavirus/en/ (accessed 20 April 2020).

(i) February, The government announced emergency support of KRW 20 trillion for households and damaged industries, such as tourism and export industries; (ii) In March 17: The National Assembly approved (a) loans and guarantees for small businesses, indirect support of wage and rent for small merchants (KRW4.1 trillion), (b) consumption coupons for the poor, emergency family care and employment retention support (KRW3.5 trillion), and (c) support for issuing local gift certificate, local government grants for infection prevention (KRW1.2 trillion); (iii) March 31, The government announced an emergency relief payment plan of KRW9.1 trillion (USD7.4 billion) to address the virus outbreak. The government plans to pay relief checks to households in the bottom 70% income bracket (around 14 million households), of up to KRW1 million (USD820) per household. For this, a second supplementary budget bill will be submitted to the National Assembly in April; and (iv) No amount/estimate: Some local governments have announced cash support for people (a) Gyeonggi province announced KRW100,000 (USD82) to all residents, and (b) Seoul and Daejeon have a similar plan without specific criteria.

Taipei,China 05 05 - Health and income support TWD 60,000,000,000 1,991,337,681
Taipei,China 05A 05A - Health support TWD 60,000,000,000 1,991,337,681 EY. https://www.ey.com/en_gl/tax/how-covid-19-is-causing-governments-to-adopt-economic-stimulus-- (accessed 27 March 27 2020).

February 25, Taipei,China's authorities passed the statute for prevention and rehabilitation of severe infectious pneumonia (the Statute). The Statute, which was enacted accordingly, is in response to the recent COVID-19 outbreak and aims to alleviate its impact on the domestic economy and society. The budget connected with the statute is TWD60 billion (approximately USD2 billion).

Taipei,China 05B 05B - Income support TWD