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More than 60 billion tenge allocated from budget for financing spring field and harvesting works in 2017

by March 28, 2017 Key Issues

This year, the state will finance spring field and harvesting works for 1500 agro-industrial enterprises with a final rate of no more than 6% per annum. This was reported by First Deputy Minister of Agriculture at the Government meeting chaired by Prime Minister Bakytzhan Sagintayev.

This year, a budget loan in the amount of 60 billion tenge was allocated to finance spring field and harvesting works, while the final rate for agricultural producers will be no more than 6% per annum.

“Within the framework of these funds, it is planned to finance 1500 agro-industrial enterprises, the coverage of sown areas will be 3.0 million hectares. As of March 13 this year, we received applications amounting to 51.2 billion tenge, applications amounting to 4.4 billion tenge were approved, � the Deputy Minister said.

In order to increase the efficiency of using budgetary funds and increase the workload of domestic processing enterprises, a financing mechanism will be implemented, which takes into account the priority of crops. Foremost, the cultures defined by the Ministry of Agriculture (oilseeds (sunflower, rape, flax, soybean), barley and other crops) will be financed.

As K. Aituganov noted, in 2017 the planned volume of applying subsidized mineral fertilizers is 277 thousand tonnes (10.7% of demand), the volume of allocated subsidies � 13.1 billion tenge.

In order to ensure the timely conduct of spring field works this year, the required volume of diesel fuel in the amount of 375 thousand tonnes was determined. In March, the price was approved at 148 thousand tenge per tonne (105 tenge per liter at a market price of 130 tenge / liter at filling stations, taking into account the expenses of operators, the average price of diesel fuel for AIC producers in the regions is 120 tenge/liter).

As of the beginning of 2017, the Republic has 153,000 tractors, 83,000 seeders, 292,000 tillage tools, 5,000 sprayers, 3,600 modern high-performance seeding complexes.

“In general, the pace of agricultural machinery preparations in the Republic is at the level of last year. As of March 15, 2017, the readiness of tractors is 86%, seeders – 89%, cultivators – 91%, seeder refuellers – 91%, � K. Aituganov reported.

Recall, today the Government meeting reviews the progress of preparing for 2017 spring field works.

Source: Government of the Republic of Kazakhstan