BUDGET SUBSIDY Meaning and
Definition
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A budget subsidy refers to a financial grant or allocation given by a government or organization to support and supplement the funds required to implement and sustain a particular operation, program, or project. It is a direct form of financial assistance provided to bridge the gap between the actual costs incurred and the available resources.
Typically, budget subsidies are utilized in situations where the total expenses of a specific initiative exceed the available funds. The purpose of providing a subsidy is to ensure the continuity and successful implementation of the initiative despite financial constraints. By injecting additional funds into the budget, subsidies aim to offset the shortfall and enable the organization or project to operate without compromising its objectives or affecting its services.
Budget subsidies can be utilized in various sectors such as healthcare, agriculture, education, transportation, and social welfare. They can support a range of activities including research and development, infrastructure development, tuition fees, health services, and welfare programs. The subsidies are usually provided based on specific criteria, such as the nature of the project, the intended outcomes, and the impact on the target beneficiaries.
The allocation and implementation of budget subsidies are often subject to governmental regulations, policies, and oversight to ensure transparency, fairness, and efficient utilization of public funds. Regular monitoring and evaluation may be conducted to determine the effectiveness and impact of the subsidy, as well as to assess the need for continued financial support.
Common Misspellings for BUDGET SUBSIDY
- vudget subsidy
- nudget subsidy
- hudget subsidy
- gudget subsidy
- bydget subsidy
- bhdget subsidy
- bjdget subsidy
- bidget subsidy
- b8dget subsidy
- b7dget subsidy
- busget subsidy
- buxget subsidy
- bucget subsidy
- bufget subsidy
- burget subsidy
- bueget subsidy
- budfet subsidy
- budvet subsidy
- budbet subsidy
- budhet subsidy
Etymology of BUDGET SUBSIDY
The word "budget" originates from the French term "bougette", which referred to a small bag or pouch in the 15th century. This term further evolved into "budgette" and "bouge", which meant a wallet or bag used to carry money. By the 18th century, it transformed into "budget" as we know it today, meaning a financial plan or estimate of income and expenses.
On the other hand, the word "subsidy" has its roots in the Latin term "subsidium", which means assistance, help, or support. It entered the English language in the 16th century, taking on the meaning of a grant or financial aid given by the government to support a particular activity or group.
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