Financing of the agro-industrial complex in 2024 will exceed the amount envisaged in last year’s budget by 124,4 billion rubles. As the press service of the Ministry of Agriculture of the Russian Federation reported, the funds will be used to implement several government programs.
These include programs for the development of the agro-industrial complex and the integrated development of rural areas. As well as a scientific and technical program for the development of the industry for 2017-2030 and a program for the effective involvement of agricultural land in circulation and the development of the reclamation complex.
The department explained that the main increase in the volume of budget allocations occurred for preferential lending due to the increase in the key rate of the Central Bank of Russia to 15%.
In accordance with the Federal Law “On the Federal Budget for 2024 and the Planning Period of 2025 and 2026,” funding for the agro-industrial complex in subsequent years will be less than in 2024.
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