About 9,000 enterprises of the agro-industrial complex are anticipated to obtain support in 2021.
Ukraine’s Cabinet of Ministers has envisaged UAH 4.7 billion, US$165.7 million, in support for the agricultural sector in the 2021 nationwide budget, which is UAH 700 million, or US$24.7 million, up in opposition to the 2020 budget.
Read alsoHarvest 2020: Challenge for farmers, rising food pricesIn specific, the federal government is anticipated to finance the next initiatives: a discount in the price of procurement of agricultural equipment and gear, in addition to the price of loans for agricultural enterprises; growth of farms; enchancment in livestock manufacturing, horticulture, viticulture, and hop rising; and support for non-public irrigation methods.
In addition, the federal government will proceed supporting farmers by way of the state-funded Affordable Loans: 5%-7%-9% program.
About 9,000 enterprises of the agro-industrial complex are anticipated to obtain support in 2021, the ministry says.
National budget 2021: Background
- On December 15, 2020, the Verkhovna Rada, Ukraine’s parliament, handed a draft legislation on the 2021 nationwide budget.
- On the identical day, the parliament backed a decision on the Verkhovna Rada’s budget for 2021.
- On December 21, 2020, Chairman of the Verkhovna Rada Dmytro Razumkov signed the invoice on the nationwide budget.
- On December 25, 2020, Ukrainian President Volodymyr Zelensky enacted the invoice, having signed it into law.