Subsidizing of agricultural sector to increase in Kyrgyzstan

08:58, 03 февраля 2018, Bishkek - 24.kg news agency

At least 950.3 million soms were spent in 2017 on subsidizing the agricultural sector and financing will increase this year. The Finance Minister Adylbek Kasymaliev told at a press conference.

«Recently, we have paid special attention to the processing industry, issuing soft loans at 6 percent per annum for up to three years. The remaining agricultural producers — at 10 percent. In 2018, the Ministry of Finance budgeted more than 1 billion soms for these purposes,» he said.

In 2017, a program was launched to subsidize subjects involved in export operations. In 2017, they were financed for 64 million soms, this year 100 million soms were budgeted for it.