subsidy
noun [ C ]
uk/ˈsʌbsɪdi/ usplural subsidiesmoney given by a government or an organization to reduce the cost of producing food, a product, etc. and to help to keep prices low:
government/public/state subsidies
agricultural/export/farm subsidies
provide/receive/get a subsidy
subsidy on/for sth The program provides traditional subsidies for commodities like wheat, corn, and cotton.
subsidy of sth Those with livestock are given subsidies of 50% on feed costs.
The Energy Act provides billions of dollars in subsidies for the nuclear, oil, gas and coal industries.
cut/eliminate/reduce subsidies The government has cut subsidies on electricity and petrol.
See also
tax subsidy