The Cabinet of Ministers plans to reduce the public funding of lending support of agrarians 4.5 times, according to the draft state budget for 2018, Finclub reports.
The financial support of measures in the agro-industrial complex through cost reduction of loans for 2017 is envisaged in the amount of UAH 300 mln. However, the draft state budget 2018 envisages only UAH 66 mln for these purposes.
It refers to the state budget expenditure in the expenditure structure of the Ministry of Agrarian Policy and Food.
Meanwhile, the Cabinet of Ministers envisaged UAH 1 bln for the financial support of development of farm businesses.
It should be reminded that the total volume of fiscal losses of the consolidated budget from tax relief will grow by UAH 1.1 bln next year – up to UAH 26.3 bln.
