subvention

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subvention

a grant, aid, or subsidy, as from a government to an educational institution

Subvention

 

(Russian, subsidiia), a benefit, primarily in monetary form, granted by the state out of the state budget to local bodies of power, natural and juridical persons, and other states.

Subventions may be direct or indirect. In precapitalist formations, a subvention was primarily a form of financial aid to military allies. In the early stages of capitalism, the bourgeois state made broad use of direct subventions for the encouragement of national industry and the financing of military expenditures. Under imperialism, especially during the period of the general crisis of capitalism, various forms of indirect subvention have been the rule. Indirect subventions include the sale of nationalized enterprises to monopolies at artificially low prices, the acquisition of the output of monopolized enterprises (chiefly those in the military-industrial complex) at inflated prices, government purchase of the shares and unsold goods of bankrupt companies, tax privileges for the monopolies, and state guarantees and insurance of deposits and export credits.

Since World War II, subventions—in the form of “aid” to foreign countries—have been made on a large scale, primarily in order to prop up puppet regimes. They are used to restore the solvency of particular companies or whole branches of the economy, to stimulate the growth of capital-intensive industries, and to encourage the monopolies to expand foreign trade. Indirect subventions are paid out primarily through the mechanism of credit privileges, tax privileges, and high or low monopolistically set prices. Subvention in the capitalist countries is dictated by considerations of class and is subject to the interests of monopoly capital. The subventions paid out of the state budget place an added burden on the bulk of the taxpayers—the working people.

The socialist countries make no use of subventions.

A. A. KHANDRUEV

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In 2015, the Legal Department of the Primorsky Parliament conducted monitoring of the law enforcement of the regional law on subventions and recommended to specify the list of posts replaced by employees of municipal general education organizations whose pay is financed by subventions from the regional budget.
Ces derniers recevront des cheques en guise de subventions chaque mois
The councils are hoping that with the payment of full January salaries, the strike will be suspended, and then they will go back to the government to ask that the subvention is jacked up,' Babatunde said.
S'exprimant a l'occasion, la secretaire generale du departement de la peche maritime au ministere de l'Agriculture et de la Peche maritime, Zakia Driouch, a souligne que cette subvention ambitionne de donner un nouveau depart au programme "Ibhar".
This is the fifth public call in a row and thus far 1 901 households have been given subventions and around 450 000 euro have been allocated from the budget for this purpose.
dc nombrcux prix d'excellence et de nombreuscs bourses et subventions sont offerts aux membres de 1'ACITN.
Intense lobbying by agricultural and other groups has opened up the possibility that subventions could be restored in the 2010-11 state budget as a temporary measure, pending agreement on a permanent way to fund the program that does not rely on the state's general fund.
Can the Government order the private wineries to buy grapes at a higher price and what is the aim of the huge subventions for farmers, he asks.
La Commission a estime que les subventions octroyees constituent un avantage pour ces entreprises par rapport aux entreprises concurrentes offrant ou susceptibles d'offrir des services comparables sur le marche en cause.
Initial funding will be provided through DWR's Delta Subventions Program, with additional funding from Special Projects.
Interroge sur les moyens d'identification des familles necessiteuses qui beneficieront des subventions ciblees, le ministre precise que le fichier national des personnes physiques necessiteuses et destinataires de cette subvention, sera elabore avec la collaboration essentiellement du ministere de l'Interieur et des collectivites locales, de la Caisse nationale des assurances sociales (CNAS) et des Directions de l'Action sociale des wilayas (DAS).
Olowofela who stated this, on Monday, said the state did not owe salaries of tertiary institutions' staff but that it provided subventions to the institutions just as it paid out workers' salaries.