In February 2017 Ukrainian farmers received 80 million UAH of budget subsidies

17:05 | ProAgro

Ukrainian farmers received 79.8 million UAH of budgetary subsidies in the framework of the program for quasi-accumulation of VAT (February 2017).

This is reported by the Ministry of Agrarian Policy and Food of Ukraine.

"Compensation during February showed that this mechanism works. I encourage all the farmers to register and file documents for appropriate compensation and I hope that the amount of compensation in the next month will be much higher and everyone who needs this support will take an advantage of it", - says Minister of Agrarian Policy and Food of Ukraine Taras Kutovoy.

It is noted that the State Treasury Service of Ukraine transferred budgetary subsidies from the non-budgetary account of the Ministry to 683 agricultural commodity producers for a total of about 80 million UAH based on their performance in February 2017.

Interesting that the Ministry of Agrarian Policy and Food of Ukraine received 306 million UAH to the off-budget account, opened in the State Treasury Service of Ukraine, for an automatic payment of subsidies under the State support of agricultural producers. Remains of funds will be transferred to the payment of subsidies in May 2017.