government subsidies and fiscal responsibility

Government subsidies refer to financial aid or support provided by the government to various sectors or industries, typically intended to promote economic growth, social welfare, or address market failures. Fiscal responsibility, on the other hand, relates to the government's commitment to managing its finances prudently by ensuring sustainable levels of spending, limiting debt accumulation, and maintaining a balanced budget. This entails making responsible decisions about the allocation of funds and aiming for long-term stability in public finances.

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