What is subsidy? »Its Definition and Meaning [2019]

The subsidy consists of the granting of money by the state for the realization of different projects, this money is granted to the different public administration officials, without having the commitment to return it, and with the aim of making a activity that will be done for public benefit .

The recipient of the subsidy is obliged to carry out the benefited activity and at the same time the state has certain powers such as to control and monitor the activity which has been favored, so that this is really done, otherwise the state will have the power to revoke said subsidy.

There are currently numerous economic activities that have benefited from the subsidies Among them we have: public transport, agriculture, education, health, among others .At the educational level the subsidy is what is commonly called a scholarship and students receive it later If you have met certain requirements that allow you to receive the subsidy, this subsidy will allow the student to continue their studies and research.

There are three classes of grants :

Nominated grants: Those that are within the budget and those derived from reformed credits that are stipulated in the budget year for the one that has been favored.Generic Subsidies: are those that have been stipulated in the budget for a variety of beneficiaries.Specific subsidies: are those that are granted without encouraging the influx, to a special or particular favored for reasons of public interest.