State support for agricultural enterprises to double to UAH 10bn (USD 385mln) in 2017

State support for agricultural enterprises to double to UAH 10bn (USD 385mln) in 2017

State budget foresees UAH 10bn of direct support for agricultural enterprises in 2017

Parliament fractions and the corresponding committees have agreed with the government that agricultural sector will receive two times more funds in the coming year, told PM Volodymyr Groysman. It is important that Ukraine starts shifting from agricultural commodities trade to finished products which have to become competitive in the world markets. The direct support is sort of a compensatory mechanism for agrarians who suffered this year from cancelling of special VAT regime for agribusinesses. At this, the Ministry of Agrarian Policy and Food of Ukraine expects UAH 450mln from the budget of 2016.

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