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Subsidy |
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Subsidy Financial assistance provided by a government to another entity, usually a business or industry. Subsidies are given to keep otherwise unprofitable ventures in business; for example, a family farm unable to compete with agribusiness may receive a subsidy from the government to maintain operations. Subsidies may also exist as a protectionist measure to make domestic goods less expensive than imports. Proponents of subsidies argue that they maintain employment in the domestic economy while critics state that they distort the market and make it less efficient. See also: Bailout. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Like many Asian countries, Malaysia, is struggling with a spiraling fuel subsidy bill that may breach $14 billion this year as global oil prices skyrocket. So in six months, the estimated cost of the fuel subsidy to the state budget has risen from an original estimate of Rp 42 trillion in the original budget to a revised total of Rp 201 trillion, five times the original estimate , and this is taking into account the implementation of the 28. After a surge in fuel subsidy costs, President Susilo in October 2005 ordered a 126% rise in domestic retail prices. |
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