The Cabinet of Ministers of Ukraine has approved the procedure for the use of funds for partial compensation to agrarians for the purchase of agricultural machinery of domestic production, Prime Minister Denis Shmygal said.
“This year we allocate UAH 1 billion for the program of partial compensation to agrarians who buy agricultural machinery of our Ukrainian production. We will compensate 25% of the cost. We approve today the appropriate procedure for the use of funds and improve some elements of this program,” Shmygal said at a government meeting on Friday.
Ot noted that according to the estimates of the Ministry of Economy, the program will allow to double the share of domestic agricultural machinery in the domestic market.
“Imports will decrease by about 10%. Re-equipment of 4.5 thousand producers will take place. About 1 thousand additional jobs will be created, which in turn will give more taxes to the budget,” – said Prime Minister.
AGRARIANS, CABINET OF MINISTERS, COMPENSATION, purchase of agricultural machinery
