BAKU, Azerbaijan, Sept.9
By Sadraddin Aghjayev - Trend:
The Ministry of Finance of Azerbaijan has published forecasts of budget spending on agriculture in 2022-2025, Trend reports on Sept. 9.
According to the ministry, more than 985.9 million manat ($580.2 million) is planned to be allocated for agricultural programs in 2022, and slightly over 1 billion manat ($588.2 million) - in 2023, 2024 and 2025.
Azerbaijan's projected spending on selected agricultural programs in 2022-2025:
|
Agriculture |
2022 |
2023 |
2024 |
2025 |
|
|
985.9 million manat ($580.2 million) |
1 billion manat ($588.2 million) |
1 billion manat |
1 billion manat |
||
|
1 |
Crop development program |
791.2 million manat ($465.6 million) |
809.2 million manat ($476.2 million) |
819.2 million manat ($482.17 million) |
826.1 million manat ($486.2 million) |
|
2 |
Livestock development program |
75.7 million manat ($44.56 million) |
79.9 million manat ($47 million) |
74.6 million manat ($43.91 million) |
77.3 million manat ($45.5 million) |
|
3 |
Agricultural means improvement program |
100.9 million manat ($59.39 million) |
97.5 million manat ($57.39 million) |
94.7 million manat ($55.74 million) |
86.1 million manat ($50.68 million) |
|
4 |
Agricultural insurance development program |
5.3 million manat ($3.12 million) |
6.4 million manat ($3.77 million) |
7.7 million manat ($4.53 million) |
9.2 million manat ($5.42 million) |
|
5 |
Program for development of service sector, manufacturing enterprises related to agriculture |
9.6 million manat ($5.65 million) |
10 million manat ($5.9 million) |
10.4 million manat ($6.12 million) |
10.8 million manat ($6.36 million) |
|
6 |
Reserve funds involved in the field of agriculture |
3 million manat ($1.77 million) |
- |
- |
- |
In the first seven months of 2021, Azerbaijan’s GDP has grown by 2.7 percent and amounted to 47.3 billion manat ($27.84 billion), while in the same period of last year this figure was 40 billion manat ($23.5 billion).
At the same time, GDP in the non-oil sector has grown by 5.3 percent and amounted to 30.2 billion manat ($17.78 billion) against 27.5 billion manat or $16.2 billion recorded from January through July of last year.
(1 USD = 1.7 AZN on Sept.9)
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