income support

Fig. 90 Income support. In many countries income-support systems are used specifically to assist the agricultural sector. In the graph, the equilibrium market price is OA. If this price is considered too low to adequately remunerate farmers, the government will set a guaranteed or SHADOW PRICE, say OB, and thus supplement farm incomes by a deficiency payment equal in the aggregate to the shaded area ABCE. Note, in contrast to the PRICE-SUPPORT method, consumers still pay the market-determined price OA and producers sell market-determined output OQ.

The UK used the income-support method to assist its agricultural sector prior to joining the EUROPEAN UNION'S COMMON AGRICULTURAL POLICY scheme in 1973. See AGRICULTURAL POLICY.

income support

1a means of supplementing the INCOMES of poorer members of the community by means of TRANSFER PAYMENTS such as supplementary benefits, unemployment benefit, etc. See NEGATIVE INCOME TAX, REDISTRIBUTION OF INCOME PRINCIPLE OF TAXATION.
a method of supporting the incomes of

certain producers by providing direct payment where market prices are felt to yield insufficient income.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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References in periodicals archive

From the latter half of the 1990s welfare reform focused on enforcing obligatory employment in the social security system, originally with reference to unemployed people, but from the early 2000s the regime of mutual obligation was extended to sole parents and low income partnered parents in receipt of income support. Recipients of carer payment have not been incorporated into the mutual obligation framework, possibly because it is recognised that the intensity and constancy of their care giving responsibilities make labour force participation very difficult, if not impossible, and also because informal care is seen as increasingly necessary in an ageing population.

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The court heard that as a result of her false representations she had, by 2004, received more than pounds 17,000 in income support to which she was not entitled.

'Struggling' widow sentenced for income support fraud

The Social Security Act of 1935 served as the legislative vehicle for the creation of a national disability income support law.

Supporting Disability: An Historical Perspective

The "retraining income support" provisions to be considered by the House Committee on Ways and Means would extend unemployment compensation to permanently laid-off workers who are participating in training programs following exhaustion of their allotted unemployment compensation.

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The PTI leader pleads that the Income Support Levy Act 2013 was introduced for a period of one year only and the parliament did not extend its life.

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The federal government has invited Dr Sania Nishtar, Pakistan's internationally acclaimed global health expert, to chair the board of the Benazir Income Support Programme (BSIP).

Dr Sania Nishter appointed as BISP chairperson

Talking to a ceremony of 'Rural Sales Programme' launched by Benazir Income Support Programme's (BISP) in collaboration with Nestle Pakistan, she said that in this trans-formative collaboration, more than 250 beneficiaries had been enrolled as 'Nestle Pakistan Rural Sales Agents' in 12 districts of Punjab and Sindh and by 2021 the number of beneficiaries was expected to go up to 5,000.

'Rural Sales Programme' beneficiaries earn 10,000 per month :Marvi Memon

They said the poor families had been asked to fill the forms for Chief Minister Punjab Mian Shehbaz Sharif income support program under which they would be paid regularly like the Benazir Income Support program (BISP).

District admin takes notices of fake income support forms

Benazir Income Support Programme - which was started by the last PPP government provides financial assistance to low-income families through bi-monthly cash payments.

Fake BISP messages continue to embarrass people

Neil and Lillian Wells ran the swindle from their South Tyneside home, helping themselves to income support, housing benefit and council tax relief.

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The Common Agricultural Policy (CAP) should be reoriented and the EU should move "away from broad income support and towards investments in a strong and competitive agri-food sector" "A window has opened" allowing this re-orientation, said Ken Ash, director of the Organisation for Economic Cooperation and Development (OECD) Trade and Agriculture Directorate, in Brussels on 5 October during the presentation of the OECD's report on the Evaluation of agricultural policy reforms in the European Union'.

AGRICULTURE : OECD CALLS ON EU TO REORIENT FARM INCOME SUPPORT