Grant-in-Aid

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Grant-in-Aid

 

(Russian, subventsiia), a form of monetary benefit granted to local bodies of power by the state. Unlike subsidies (dotatsii), grants-in-aid are given for specific purposes and on condition of participation by local budgetary funds. In the capitalist countries, they are used to increase the dependence of local agencies on the central bodies of power. In the USSR, grants-in-aid from the state budget were introduced in 1924. They helped cover local budgetary expenditures for such purposes as the construction of schools, hospitals, and local roads. By 1931, as new forms of budget control were introduced and as planning came to play a greater role in the national economy, the system of grants-in-aid had ceased to be of importance.

References in periodicals archive ?
Since 2012, Japan's grant aid for humanitarian needs and political transitional process in Yemen reaches $119 million in total.
From the academic years 2010-2011 to 2011-2012, Indiana increased need-based grant aid by 4.
Islamabad -- The Government of Japan, Tuesday, agreed to extend two Non-project Grant Aids (NPGAs) for providing Japanese Medical Equipment, worth 800 million Japanese Yen ($ 8 million) in total to Pakistan.
Last year, at the request for support from the Myanmar government for assistance in the form of power generation systems, the Japanese government decided to provide emergency grant aid to the country.
Gone are the days when a rural business could just look at what was eligible for grant aid, put together a half-decent plan, do the work and then claim the grant before moving on to the next project.
Financial aid generally consists of total grant aid and self-help aid.
Under the programs implemented by the National Fund of Savings, the Agency for the improvement and development of housing (AADL) or participatory social housing, the state plans of grant aid from DZD400,000 to DZD700,000 and subsidy on the cost of bank loan based on income for individuals wishing to acquire accommodation.
The European Commission approved of the plan of Estonia to temporarily grant aid of up to 500,000 euros for supporting the economy.
New" JICA will take over the soft loans formerly dispensed by JBIC and the grant aid dispersed by Japan's foreign ministry.
Finance from one of Britain's leading private equity investors and grant aid from the Welsh Assembly Government has supported a pounds 1.
A spokesperson for Failte Ireland said yesterday: "We are investigating the project to establish whether the facility, which was 40 per cent funded through grant aid, is operating in accordance with the terms of the financial support made available.
The grant aid has been allocated by the Department of the Arts, Sport and Tourism to aid facilities at the University of Limerick and Grove Island Leisure Centre.