Finances

GOVERNMENT APPROVES AMENDMENTS TO LAW ON SUBSIDIES IN AGRICULTURE

26 march, 2020

Government approves draft law on making changes to the Law on principles of subsidizing agriculture at the Wednesday's sitting.

Minister of Agriculture, Regional Development and Environment Ion Perju said that it is proposed to raise the age limit of subsidy beneficiaries in advance for young farmers to 40 from 35 and to oblige the Agency for Interventions and Payments in Agriculture to report to central authorities each 6 months about the using of the subsidy fund for conducting analysis and establishing problems.

He said that it is also proposed to make changes in the process of providing direct payments to farmers to move to subsidies depending from livestock.

Prime Minister Ion Chicu proposed to include in the draft law the mechanism of providing subsidies for representatives of the Moldovan diaspora, who are returning home and intend to invest in agriculture.

"This should be a separate line of financing, as in case with young people. They should get the possibility to launch their business, while the state should be supporting them at the difficult stage", he maintains.

Chicu ordered the Ministry of Finance to include the raising of the sum of Agricultural Subsidy Fund in the draft corrections to the State Budget for ensuring the financing of the new mechanism.

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