Ministry cuts top-up for sugar beet farmers because of spending freezes
Hungary's Rural Development Ministry is cutting this year's national top-up for sugar beet farmers by HUF 800m because of spending freezes, agriculture state secretary György Czerván at a press conference on Wednesday.
The HUF 1.98bn originally allocated for the top-up is being cut by HUF 800m this year because of spending freezes to maintain the fiscal balance, Czerván said. The amount has already been paid out by sugar refinery Magyar Cukor to keep production going, he added.
The top-up for next year will be raised by HUF 800m to HUF 2.78bn, Czerván said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.