Bank Of Baku

Ismet Abbasov: next year’s state budget envisages no remarkable increase for agricultural sector

Ismet Abbasov: next year’s state budget envisages no remarkable increase for agricultural sector
# 23 October 2009 15:42 (UTC +04:00)
Sabirabad. Alibey Zeynaly - APA. Azerbaijan’s state budget blueprint 2010 does not envisage a remarkable increase in allocations for the agricultural sector, said Minister of Agriculture Ismet Abbasov.

According to him, this is due to the drop in oil prices on the world market.

"However, public support is manifested in the allocation of funds for Agroleasing, subsidizing of the agrarian works and seed-growing, the exemption of the agricultural sector from 8 of 9 taxes. Subsidies to farmers next year will be at the same level as in 2009,” he added.
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