state aids (Meaning)

state aids

public monies appropriated by a state government for the partial support or improvement of a public local institution

The European Union prohibits Member States from granting state aids to businesses that distort competition.
State aids can take various forms, such as grants, loans, tax breaks, and guarantees.
The European Commission is responsible for enforcing the rules on state aids.
Under certain conditions, state aids may be justified, such as promoting regional development or protecting public services.
State aids have been used to support a wide range of industries, including agriculture, manufacturing, and transportation.
Member States must notify the European Commission of any planned state aids before they are granted.
The European Commission can approve, reject, or modify proposed state aids.
State aids have been a source of controversy, with some arguing that they distort competition while others maintain that they are necessary to support certain economic sectors.
The European Union has adopted several regulations to strengthen the enforcement of rules on state aids.
Businesses found to have received illegal state aids may be required to repay them to the government.

public monies appropriated by a state government for the partial support or improvement of a public local institution

trust funds, funds,foreign aids, block grants, endowments, assistances,benefits, legacies, grants, allowances

No antonyms found.

The European Union prohibits Member States from granting state aids to businesses that distort competition.

State aids can take various forms, such as grants, loans, tax breaks, and guarantees.

The European Commission is responsible for enforcing the rules on state aids.

Under certain conditions, state aids may be justified, such as promoting regional development or protecting public services.