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Ukrainian Ministry of Agrarian Policy to improve farm economies State support mechanism
05.09.2008 16:45 "Agro Perspectiva" (Kyiv) —
As to Cabinet draft Decree (published Sept 01/08 on Ukrainian Ministry of Agrarian Policy official website), Ministry of Agrarian Policy has proposed to remove agricultural farm economies purchases limitations. As to Ministry, these limitations grant right of State support only to farm economies which purchase domestically made agricultural equipment (or foreign having no domestically made analogues). As to draft Decree, farm economies should be granted right of State budgetary support when purchasing their first tractor, combine or automobile irrespective of production country. Draft Decree authors affirm currently efficient limitations on agricultural equipment purchases restrict those regulations of Ukrainian Law “About Farm Economy” which refer to these purchases procedure. Besides, abovementioned limitations may result in State budgetary financial means allocated within 2008 for this purpose remaining unused: thus, as to Ministry of Agrarian Policy data, as of Jun 26/08, only UAH12 mn (from total UAH27 mn allocated from 2008 State budget for Ukrainian State Fund for Farm Economies Support under program Financial Support of Farm Economies) were used.
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