BAKU, Azerbaijan, Feb. 7
Trend:
Investments in fixed capital in Kazakhstan's agricultural sector grew last year, Trend reports referring to Finprom.
This figure reached 773.2 billion tenge ($1.78 billion), up by 34.9 percent more in monetary terms and by 33.3 percent in real terms compared to 2020.
Almost half of the capital investments in the sector came from only three regions: North Kazakhstan (160.8 billion tenge or $370 million), Pavlodar (103.3 billion tenge or $240 million) and Akmola (101.4 billion tenge or $230 million).
The agricultural sector is financed mainly from the own funds of enterprises: the volume of capital investments in this segment in 2021 reached 543 billion tenge ($1.25 billion), which is 40.2 percent more than a year earlier.
The capital investments are followed by non-bank borrowings: 192.8 billion tenge ($440 million), an increase of 31.4 percent over the year. Some 37.4 billion tenge ($86 million) accounted for bank loans, which is 4.2 percent less than a year earlier; and only 6.8 million tenge ($16,000) - for local budgets, down by four times compared to 2020.
The sphere of agriculture was personally noted by the President of Kazakhstan Kassym-Jomart Tokayev at a meeting on combating corruption. So, over the past five years, more than two trillion tenge ($4.6 billion) has been allocated to support farmers.
Almost the entire volume of investments in fixed capital in the agricultural sector fell on crop and livestock production, as well as hunting and the provision of services in these areas: 766.6 billion tenge ($1.77 billion).
Following is the field of fisheries and aquaculture, where the volume of investments surged by almost seven times, up to 6.4 billion tenge ($15 million). Only 238.2 million tenge ($550,000) was invested in forestry and timber logging.
(1 USD = 433.34 KZT on Feb 7)