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The Cabinet of Ministers approved 125 million BGN state aid for farmers

The financial resource is allocated for the payment of part of the second tranche with a total value of 325 million BGN under state aid schemes

Oct 15, 2024 14:50 82

The Cabinet of Ministers approved 125 million BGN state aid for farmers  - 1

The government approved an additional 125 BGN million under the budget of the State Fund “Agriculture" for the so-called "Ukrainian aid" for farmers for 2024. The funds will be provided and paid to farmers by November 30, 2024.

The financial resource is allocated for the payment of part of the second tranche with a total value of BGN 325 million under state aid schemes “Aid to support the liquidity of farmers to overcome the negative economic impact of Russian aggression against Ukraine" and “Aid to support the liquidity of farmers, producers of grain and oil crops, to overcome the negative economic impact of Russian aggression against Ukraine".

With the PMS of 04.10.2024, additional expenses were approved under the DFZ budget for 2024 to provide support in the amount of BGN 200 million. The funds were paid to farmers from primary agricultural production and producers of grain and oil crops.