Government Grants

As part of public finance, governments often provide direct grants to a wide range of entities for specific activities that are prioritized by different levels of government and different government agencies. Generally, the grant amounts and overall objectives are set during the national and subnational budgeting process but the form of transfer is different from general budget allocations. Details of each grant’s objectives are set at the level of government that is issuing the grant. Grants are often issued competitively and seek to address specific issues. One example is in the USA, the Conservation Innovation Grants that are described as “competitive grants that drive public and private sector innovation in resource conservation” (USDA Website, 2020).