the second issue is the of the crisis and the resulting borrowing government budgets budgets at the level as is placing even more pressure on public finances
The second issue is the impact of the crisis and the resulting borrowing on government budgets, budgets at the national level, as this is placing even more pressure on public finances.
The second issue is the of the crisis and the resulting borrowing government budgets, budgets at the level, as is placing even more pressure on public finances.