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Este artigo avalia o impacto da política fiscal aplicada na Bolívia durante a crise do Covid-19 em nível regional. Inclui duas análises: a desaceleração econômica regional analisada por meio de um modelo bayesiano var de frequência mista com volatilidade estocástica; e o impacto e eficácia da política fiscal usando um modelo var de parâmetros variáveis ao longo do tempo. Os resultados indicam que a pandemia teve um efeito heterogêneo sobre a atividade econômica das regiões e o gasto de capital do Tesouro Geral da Nação foi a política fiscal mais eficaz para reduzir os efeitos recessivos da crise. Também observamos que algumas regiões reagiram positivamente aos gastos de capital dos governos regionais e locais.

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