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subsidy |
Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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subsidy noun allotment, allowance, backing, bounty, contribution, gift, grant, grant-in-aid, stipend, subsistence, subvention Associated concepts: government subsidy See also: aid, alimony, annuity, assistance, benefit, commission, consideration, contribution, donation, endowment, fee, grant, help, loan, maintenance, payment, pension, perquisite, recompense SUBSIDY, Eng. law. An aid, tax or tribute granted by parliament to the king
for the urgent occasions of the kingdom, to be levied on every subject of
ability, according to the value of his lands or goods. Jacob's Law. Dict.
h.t.
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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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