equalization payment

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equalization payment

or

equalization grant

n
(Economics) Canadian a financial grant made by the federal government to a poorer province in order to facilitate a level of services equal to that of a richer province
References in periodicals archive ?
The difference between what the poorest provinces collected under this system and the wealthiest would then be made up by an equalization grant (Cabinet Committee on the Federal-Provincial Conference 1955).
Then the equalization grant term accounting for expenditure needs looks like (1-a) x ([p.
Bill 19, Community Funding Act, introduced by Minister Fitch, creates a community funding and equalization grant to replace the existing unconditional grant to municipalities, rural communities and local service districts.
6, paragraph 1, item 1 of the Law on Municipal Budgets and general equalization grant.
Most notable, perhaps, is the state's Tuition Equalization Grant (TEG) program, which provides students with grants that supplement the difference between tuition at private and public institutions.
Our computations also indicate that the equalization grant formula might reduce drastically the perceived MCF of provinces that receive these grants.
He said that NWFP is the most backward province and need to be supported through equalization grant.
In January, 2003, the NDP government feigned surprise when there was a reduction in the equalization grant from Ottawa.
Consider Georgia, where the Tuition Equalization Grant for students attending private institutions could be indexed to subsidies for students at state universities.
The PGF has five elements: a Minimum Standards Grant (S), a Spillover Grant (m), a Fiscal Capacity Equalization Grant (T), an Institutional Grant (I), and a Basic Grant (B).
The notes assist the state's general fund cash flow imbalance during fiscal 2009 primarily due to the disbursement schedule of school equalization grant funding.
Most countries deals with this issue by strengthening the equalization grant system.