Support for the real economy

The joint work of all branches of Government is aimed at supporting exactly the real sector of the economy, including through the financial resources of the budget. Alexander Korshunov emphasized the state support of agricultural producers and enterprises for subsidizing the interest rate of credit resources.

The state plans to subsidize 7% of the interest rate in 2020, and the rest will be paid by the business entity. According to the Parliament Speaker, almost all of the credit allocated to our production facilities was used in 2019. This suggests that there is a need for credit resources.

Next year, support for milk producers will continue. In 2020, the state will subsidize the purchase of heifers to increase the number of cattle, as well as the purchase of planting stock for laying stone fruit gardens. These financial resources are aimed at ensuring the food security of our republic.