In 2017, the government intends to finance the agricultural sector with 5% of the budget, which is 1.3% higher than the expected rate for the current year. This is stated in the presentation of the Ministry of Finance on the state budget for next year.
In 2017, to finance the reclamation system, grant subsidies and purchase agricultural machinery there will be spent 823 million AZN, 138.4 million AZN or 20.2% more than projected for this year.
On food security it is planned to allocate 104 million manats, on funding benefits and aid for the cultivation of land - 82 million mantas, and on the development of agriculture, purchase of agricultural machinery and equipment - 268 million AZN.
Note that since 2017 the government has envisaged fundamental changes in the system of subsidizing the agricultural sector through the revision of its mechanism. Subsidies will be provided not on the area of cultivated lands, but on their impact. -----08D
Economics
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Azerbaijan Airlines (AZAL) announced on Monday the launch of its first direct flights from Baku to Male, the capital of the Maldives, marking a milestone in the airline's history.
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Azerbaijani Energy Minister Parviz Shahbazov arrived in Romania on Monday at the invitation of his Romanian counterpart, Sebastian-Ioan Burduja, to participate in the 8th meeting of the Ministers of Azerbaijan, Georgia, Romania, and Hungary. The meeting, scheduled to take place in Bucharest on September 3, 2024, is aimed at advancing the "Strategic Partnership Agreement" focused on the development and transfer of green energy.
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President Ilham Aliyev of Azerbaijan and First Lady Mehriban Aliyeva on Monday reviewed the ongoing construction at the “Istisu” Medical and Recreation Complex in the Kalbajar district, a key project aimed at revitalizing the region's historic mineral water and health tourism industry.
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As previously reported, SOCAR began gas supplies to Croatia on September 1.
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