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Grant In Aid
A grant-in-aid is money coming from a central government for a specific project. Such funding is usually used when the government and the legislature decide that the recipient should be public funding, publicly funded but operate with reasonable independence from the state (polity), state. In the United Kingdom, most bodies in receipt of grants-in-aid are non-departmental public body, non-departmental public bodies. A grant-in-aid has funds allocated by one level of government to another level of government that are to be used for specific purposes. Such funds are usually accompanied by requirements and standards set by the governing body for how they are to be spent. An example of this would be how the US Congress has required states to raise the drinking age for alcohol from 18 to 21 for the individual states to continue to qualify for federal funds for interstate highways within each state.Peters, Gerhard; Woolley, John T"Ronald Reagan: 'Remarks on Signing a National Minimum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Funding
A subsidy or government incentive is a form of financial aid or support extended to an economic sector (business, or individual) generally with the aim of promoting economic and social policy. Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs or as implicit subsidies. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer. Producer/production subsidies ensure producers are better off by either supplying market price support, direct support, or payments to factors of production. Consumer/consumption subsidies commonly reduce the price of goods and services to the consumer. For example, in the US at one time it was cheaper to buy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
