The purpose of approving pork barrel spending is to allocate government funds for specific projects or initiatives that benefit a particular constituency or interest group, often with the intention of gaining political support or favor. This type of spending can help address local needs, stimulate economic development, and create jobs in specific areas. However, it is often criticized for promoting wasteful spending and prioritizing local interests over broader national needs. Ultimately, it serves as a tool for legislators to demonstrate their commitment to their constituents.
to set apart for a particular purpose. EXAMPLE!- to allocate funds for new projects.
Public works
28p goes to the charity funds.
Department of Transportation
The term that is used when federal funds are allocated to certain states or districts in forms of projects, grants, or contracts is a reward of Federal Funds. Over the years there has been misusage when it came to Federal Funds in different states.
Barangay's get their funds from the government. Typically, funds are allocated within the fiscal year. Projects that can possibly undertake direct funding to barangays include natural disasters and road projects.
This year, activities and funds raised for UNICEF Day for Change will focus on UNICEF's projects to improve education for children in Mozambique.
Any construction projects using federal funds were required by law to be awarded on the basis of competitive bids, except in the case of emergencies or if the highway agency could demonstrate a more cost-effective way of assigning contracts.
Mobilization of funds refers to the process of gathering and allocating financial resources for specific projects or purposes, often in the context of investments, development initiatives, or community projects. It involves attracting capital from various sources, such as investors, banks, or government grants, to support economic growth or social objectives. Effective mobilization can enhance access to necessary funds, minimize financial risks, and foster sustainable development.
A sum of money set aside for a specific purpose is known as a "fund." Funds are typically allocated for designated projects, expenses, or investments, ensuring that resources are available to meet particular goals. Examples include emergency funds, scholarship funds, and retirement funds, each serving a unique financial objective.
Mutual Funds are classified as * Equity Mutual Funds * Equity Diversified Funds * Equity Linked Savings Schemes * Large Cap funds * Mid cap funds * Small cap funds * Contra Funds * Sectoral Funds * Thematic Funds * etc... * Debt Mutual Funds * Bond Mutual Funds * Hedge Funds * Fund of Funds * etc...