subsidies reform

Subsidy reform involves changing how governments support certain industries or groups through financial aid. The goal is usually to make these supports more efficient, targeted, and sustainable. This can mean reducing or restructuring subsidies to encourage fair competition, reduce budget burdens, or promote more sustainable economic and environmental practices. For example, a government might adjust fuel subsidies to discourage excessive use and pollution while ensuring essential support reaches those who need it most. Overall, subsidy reform aims to balance social, economic, and environmental benefits while minimizing unintended negative effects.