Subsidy

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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.
     2. The assistance given in money by one nation to another to enable it the better to carry on a war, when such nation does not join directly in the war, is called a subsidy. Vattel, liv. 3, Sec. 82. See Neutrality.

References in periodicals archive ?
He said this policy had put new PUJ owners at a disadvantage since they could not avail of the fuel subsidy card without the SPA from the original owners.
Fuel subsidy removal is okay if it is genuinely removed and the money used to provide basic amenities for Nigerians.
A total of 88,209 fuel subsidy cards were already distributed to beneficiaries from July 17, 2018 to Feb.
Angara advised the PPP beneficiaries who have yet to claim their fuel subsidy cards to proceed promptly to the nearest LTFRB regional offices or the Land Transportation Office on East Avenue in Quezon City for those in Metro Manila, noting that these offices resumed distribution of PPP cards on January 7.
They are then required to receive their fuel subsidy card from their favourite fuel station.
In December, Oman's government announced plans to introduce a new fuel subsidy scheme for low-income Omanis, starting from January.
Various attempts by previous governments to remove fuel subsidy had huge negative effects on the nations' economy.
"The fuel subsidy reform in Qatar will not increase revenues for the Qatari government, but allow spending to decrease and thus reducing the budget deficit," said BMI Research's analysts Christopher Haines and Olivier Najar.
The profit was mainly as it reversed Rs 800 crore of impairment taken earlier on drop in oil prices and got another Rs 633 crore from the government for excess fuel subsidy it had paid earlier.
Summary: Oman's cabinet approved in principle spending cuts, tax rises and fuel subsidy reforms to cope with the damage to state finances from low oil prices, according to the state news agency (ONA).
Citing an IMF study on fuel subsidy, the DCSS said that Saudi Arabia ranked third on the Arab level and the world's fourth in 2015, with per capita of USD 3,395, followed by Bahrain, USD 3,224, and the UAE, USD 3,022.
The third pillar (fuel subsidies reform, social mitigation measures and evidence-based policy making) aims to create fiscal space for more targeted social transfers (Cartao Ki Kuia, a targeted cash transfer program) by addressing head-on the inefficient and untargeted large fuel subsidy, and promote a culture of empirically-based policy making by supporting the government national statistical strategy, including the fielding of regular national household surveys..