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Ukraine’s 2018 draft budget foresees no direct subsidies to agrarians

Ukraine’s 2018 draft budget foresees no direct subsidies to agrarians

KIEV: Earlier, the government offered to allocate for this program UAH 2 billion (US$73.5 million) instead of UAH 4 billion ($147 million), stipulated in the state budget for 2017.According to the draft law, the Cabinet of Ministers proposes an increase in state support to the livestock sector from UAH 2.3 billion ($84.5 billion) to UAH 4 billion by the second reading. The government also proposes channeling UAH 300 million ($11 million) under a program for the development of the hop growing industry and establishment of orchards, vineyards, and berry fields, as well as their management. The first version of the draft law on the state budget for 2018 did not envisage funding for the program. At the same time, the cost of implementing the program to reduce the cost of loans remained at the same level, that is UAH 66 million ($2.4 million). The proposals for financing the program on the development of farming (UAH 1 billion/$36.7 million), and partial compensation for purchased agricultural equipment of Ukrainian origin (UAH 945 million/$34.7 million) remained unchanged as well.