Subsidy Reform

Subsidy reform involves changing how governments provide financial support to industries or consumers to make these supports more effective and sustainable. Often, subsidies are aimed at reducing costs for specific products or services, like fuel or agriculture. Reforming them typically means removing, reducing, or restructuring subsidies to eliminate inefficiencies, prevent market distortions, and encourage fair competition. The goal is to ensure that subsidies target the right groups, promote better resource use, and support economic growth while reducing fiscal burdens on the government. Effective subsidy reform can lead to a more balanced, transparent, and efficient economy.