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Azerbaijan’s state financial aid for agriculture considerably increases

Business Materials 17 January 2009 14:34 (UTC +04:00)

Azerbaijan, Baku, Jan. 17 /corr. Trend S.Babayeva /

The 2008 budget provided 76.5 million manats for more than 652,000 physical and legal entities, dealing with agricultural production, fuel and motor oil utilized by them, privilege purchase of fertilizers and each sowing hectare of grain and rice, said the Finance Minister Samir Sharifov at the meeting of the Cabinet of Ministers, dedicated to the social and economic results of 2008, which was held under the chairmanship of the President of Azerbaijan Ilham Aliyev.

"As a result of financial aid of state, planted area and productivity in the agriculture considerably increased," said Sharifov.

Last year the budget provided 80 million manats for the National Fund Entrepreneurship Development, 40 million manat for Aqrolizinq JSC, 5 million manats for State Agency on Agricultural Credits.

Furthermore, the Reserve Fund provided 25 million manats for purchase of thoroughbred cattle and mineral fertilizers, 50 million manats for measures on food security, said Sharifov.

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