Ft 412 billion for regional development
Sunday, September 25, 2005, 00:00
According to government plans, an amount of Ft 412 billion is to be secured for regional development subsidies in 2006. This is an increase of 25.6% compared to this year's amount of Ft 328 billion. Therefore, from next year, each farmer may be able to receive an average subsidy of Ft 2 million as opposed to the current Ft 1.6 million. It is, however, yet unsure whether the full amount will be available or only a sum of Ft 401 billion. The potential difference is attributed partly to the fact that all ministries have a mandatory savings of 3%, partly to the exchange rate volatility, and partly to non-EU subsidized costs such as crop intervention. (NG 1,2) É.C.