The subsidy consists of the granting of money by the state for the realization of different projects, this money is granted to the different civil servants of the public administration, without having the commitment to return it, and with the objective of carrying out an activity that will do for public benefit.

The recipient of the subsidy is obliged to carry out the benefited activity and, in turn, the state has certain powers such as that of supervising and monitoring the activity that has been favored, so that it is truly carried out, otherwise the state will have the power to revoke said subsidy.

Currently there are numerous economic activities that have benefited from subsidies, among them we have: public transport, agriculture, education, health, among others. At the educational level, the subsidy is what is commonly called a scholarship and is received by students after having met certain requirements that allow them to receive the subsidy. This subsidy will allow the student to continue with their studies and research.

There are three kinds of grants:

  • Nominated subsidies: They are those that are within the budget and those derived from reformed credits that are stipulated in the budget year for the one that has been favored.
  • Generic Grants: are those that have been stipulated in the budget for a variety of beneficiaries.
  • Specific subsidies: are those that are granted without encouraging influx, to a particular or special favored for reasons of public interest.