What is the meaning of wage subsidy?

Examples of subsidies in Mexico

Since the particularities can be complicated for children living abroad, it is recommended that you contact a specialized social counseling center for information on such cases.

The Elterngeld (parental leave allowance) (German) is another allowance with which the German state supports families. In principle, the Elterngeld can be claimed by anyone who has minor children living at home, is responsible for their upbringing and upbringing and therefore works part-time at the most. It is possible to work part-time for up to 30 hours per week without losing entitlement to Elterngeld.

It is also possible to receive only half of the allowance per month and double the duration of the Elterngeld (“Elterngeld Plus”). In this model, parents can receive ElterngeldPlus for an additional four months if both parents work a minimum of 25 and a maximum of 30 hours per week during those four months.

To get an initial overview of the amount of the child benefit, you can also use the online calculator Child benefit calculator Please note, however, that the exact amount of your parental benefit may vary, as the online calculator only calculates an approximate guideline value of the parental benefit.

What is meant by subsidy?

A grant is a financial contribution received by one or more persons from a public body.

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How does a grant work?

A subsidy is the delivery of money or goods and services by a public administration to an individual, natural or legal person, without any obligation to reimburse it. They are usually used in activities considered to be in the public interest, or in circumstances of social interest.

What is the difference between a subsidy and a grant?

The subsidy contributes to defraying the costs of something and the grant seeks to meet a specific need in an extraordinary way at a specific time.

Government subsidy

Subsidies are a mechanism that allows the State to intervene in economic activity since, depending on the aid it decides to grant, it can promote certain operations to the detriment of others.

By its nature, a subsidy may be repayable (which can be repaid) or non-repayable. Likewise, by its nature, it may be cash or non-cash. In addition, a distinction must be made between the purposes of a subsidy:

The European Union (EU) has four Structural Funds and a Cohesion Fund with which it channels its financial assistance to member states for the resolution of obstacles of an economic and social nature. These Structural Funds are, in particular:

In the case of the Structural Funds, their priority goal is to achieve a greater balance between the levels of development of the different regions and territories that make up the EU, and their application therefore falls within the scope of regional policy.

The Cohesion Fund, on the other hand, seeks to promote economic growth in the less developed member states of the Union, ensuring that such growth is compatible with the maintenance of their macroeconomic and budgetary balances.

What is an example grant?

These are aids granted for or for the exercise of the activity or to compensate expenses incurred by the company, such as: export aid, aid for hiring personnel, to compensate fuel, advertising, trade fair attendance, interest compensation, etc.

These are aids granted for or in connection with the exercise of the activity or to compensate for expenses incurred by the company, such as: export aids, aid for the export of goods and services, and aid for the development of the company’s business.

1. tr. to favor someone or something with a subsidy (‖ financial aid ).

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Who awards grants?

The competent bodies for the granting of subsidies in the National Government are the ministers and secretaries of state as well as presidents and directors of public agencies and entities. This granting power may be subject to deconcentration by royal decree.

Types of subsidies

Numerous economic activities are subsidized today. For example, subsidized education, transportation, agriculture, film productions, R&D&I activities of companies, NGO development cooperation programs, “renewable” energy production, etc.

The World Trade Organization Agreement on Subsidies and Countervailing Measures disciplines the use of subsidies and regulates the measures that countries can take to counteract the effects of subsidies. Article 1 of the Agreement provides a definition of the term “subsidy”, which includes:

Regulation (EU, Euratom 966/2012 of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) 1605/2002 defines grants as direct financial contributions from the budget that are given liberally for the purpose of financing any of the following activities:

What is the school subsidy?

The school subsidy consists of the delivery of resources of fiscal origin, via transfer, which will tend to create, maintain and expand educational establishments whose structure, teaching staff, material resources, teaching aids and other elements proper to it, provide an adequate environment …

What are public subsidies and grants?

Subsidies and public aid are one of the most important tools used by public administrations to promote their public policies. Subsidies are regulated by Law 38/2003, of November 17, 2003, General Law on Subsidies.

What are grants and how are they classified?

The SCM Agreement establishes two basic categories of subsidies: prohibited subsidies and actionable subsidies (i.e., subsidies that can be challenged in the WTO or give rise to countervailing measures). All specific subsidies fall into one of these categories.

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Subsidies examples

If the contract is formalized with a young person, who fulfilling the requirements to formalize this type of contract, had been dismissed from the declaration of the state of alarm, pursuant to Royal Decree 463/2020, of March 14, due to force majeure or economic, technical, organizational and production causes, provided for in articles 51 and 52.c) of the revised text of the Workers’ Statute, approved by Royal Legislative Decree 2/2015, the amount of the subsidy will be €5,000.

In the case of part-time hiring, the amount will be reduced proportionally according to the established working day, taking into account that, in any case, the working day may not be less than 62.5% of the full-time working day of a comparable worker.

Program co-financed in a maximum percentage of 100% by the Recovery Assistance for Cohesion and Territories of Europe (REACT-EU), through the ESF Regional Operational Program, within the 2014-2020 programming period.

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