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24 May, 15:17

Transfer payments and subsidies now account for approximately

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  1. 24 May, 18:43
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    Half or 50% of the federal budget.

    Explanation:

    A subsidy, which is also known as government incentive is a form of financial aid or support extended to a business, or individual, generally with the aim of promoting economic and social policy. Transfer payments and subsidies now account for approximately half or 50% of the federal budget.
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