Purpose This paper aims to examine the economic rationale for the COVID-19 wage subsidy and grants related to assets and the accounting for these wealth transfers under NZ IAS 20 Accounting for Government Grants and Disclosure of Government Assistance. The principal contribution is presenting an ...
* Excluding federal grants (which are counted under federal spending), in 2022 U.S. state and local governments spent $534 billion on general government and debt service.[115] This amounts to: 20% of all state and local government current expenditures. $1,603 for every person living in ...
Sick Pay relief: Small businesses can recover two weeks statutory sick pay per eligible employee who has been off work because of COVID-19. Employers with less than 250 employees are eligible. Retail business grants: The retail and hospitality grant scheme provides businesses in the retail, hos...
Unlike businesses in other sectors such as those in retail and leisure/hospitality who have been given a one-year rates holiday and have been supported by various grants to help them cope through the Covid-19 pandemic, office-based businesses have received no rates holidays to date and only t...
“Reviewing the scheme in light of the impact of COVID-19 and adapting it is exactly the type of governance needed if we are to bounce back from the lockdown whilst adhering to our legally binding net-zero targets.” The government also announced that a third allocation of tariff guarantees...
In the long run, the ideal policy would be to phase out the block grants so that states can decide both how to raise money and how to spend money. Matt Weidinger of the American Enterprise Institute has a similar perspective. Here are some excerpts from a recent article. The case for re...
and our suburbs and rural areas have the best potential of securing grants for jobs like the $6 million awarded to UW-Madison. That focuses on encouraging more farm-to-school programs like the Research, Education, Action and Policy Food Group’s farm-to-school program, which supplies area sc...
In the grand scheme of things, we can ignore the Moody’s downgrade. With regards to the safety and soundness of the federal government’s debt, the credit rating agencies are giving us a lagging indicator. In other words, Moody’s isn’t telling the financial markets anything that isn’t...
Work Plan for 2020 The sudden outbreak of the COVID-19 pandemic has dealt an unprecedented blow to China’s economic and social development. A pronounced increase in uncertainties and instabilities has appeared due to the onward global spread of the pandemic and the downw...
Dixon Wins Two State of Illinois Infrastructure Grants Totaling $2,720,612 The City of Dixon has a lot to celebrate today after being awarded two State of Illinois Grants related to infrastructure: The Fast Track Capital Grant and the Opportunity Zone… Dixon Government News City of Dixon, LC...