Removing subsidies
- Eliminating subsidies
Description
Removing subsidies involves the systematic withdrawal or reduction of government financial support to specific industries, sectors, or consumer groups. This strategy aims to correct market distortions, reduce fiscal burdens, and encourage efficient resource allocation. By eliminating subsidies, governments address issues such as overproduction, environmental degradation, and unfair competition, promoting more sustainable economic practices and fostering innovation. The process typically includes policy reform, stakeholder engagement, and phased implementation to mitigate adverse social and economic impacts.
Broader
Narrower
Constrains
Problem
Metadata
Database
Global strategies
Type
(C) Cross-sectoral strategies
Subject
Content quality
Yet to rate
Language
English
1A4N
J9494
DOCID
12094940
D7NID
202638
Editing link
Official link
Last update
Dec 3, 2024