The amount of money granted by government to public institutions to meet recurrent expenditure during a fiscal year is

The amount of money granted by the government to public institutions to meet recurrent expenditure during a fiscal year is known as a subvention. A subvention is a form of financial assistance given to organizations, institutions, or individuals by a government agency or other entity. It is usually granted for specific purposes and must be accounted for and used in accordance with specific rules and regulations. In the context of public institutions, a subvention may be provided to cover operating costs such as salaries, maintenance, and supplies, among others.