AGRARIANS RECEIVE UAH 79.8 MLN IN STATE SUBSIDIES IN FEB – AGRICULTURE MINISTRY

Business news from the Ukrainian League of Industrialists and Entrepreneurs

AGRARIANS RECEIVE UAH 79.8 MLN IN STATE SUBSIDIES IN FEB – AGRICULTURE MINISTRY

20 Apr , 2017  

KYIV. April 20 (Interfax-Ukraine) – The Ministry of Agricultural Policy and Food has announced the transfer of UAH 79.8 million in budgetary subsidies to agricultural producers on the basis of their activities for February.
According to a report on the Facebook page of Minister Taras Kutoviy, this amount is one-fiftieth of the planned state support to agricultural producers on VAT compensation.
The minister thanked the State Treasury Service and the State Fiscal Service for coordinated work in payment of subsidies.
As reported, the Cabinet foresaw UAH 4 billion for the system of subsidies in the agro-industrial complex in 2017.
Payment of such subsidies for February 2017 was carried out under separate conditions in connection with the terms of entry into force of the relevant regulatory and legal acts. Payment of state support from March is carried out as normal.
According to the Association of Milk Producers, a number of enterprises included in its structure received state compensation in the amount of 30% to 57% of the VAT paid.