Agriculture Sector Of Kyrgyzstan To Receive Substantial Funding In 2023
Date
8/3/2023 12:44:58 AM
(MENAFN- Trend News Agency) BISHKEK, Kyrgyzstan, August 3. The government
of Kyrgyzstan has allocated 13.5 billion soms ($261.181 million)
from the republican budget in 2023 to support the development of
the country's agriculture sector, trend reports.
According to the country's Ministry of Agriculture, an initial
sum of 5.6 billion soms ($108.341 million) has already been
disbursed for various agricultural initiatives in the first half of
2023.
The allocated funds are planned to be directed towards several
key areas within the agricultural sector, with the aim of boosting
productivity and ensuring food security.
These areas include:
Advancement of seed production and financial support for farmers
engaged in livestock farming, crop cultivation, and agricultural
product processing
Funds will be allocated to the construction, maintenance, and
purification of irrigation facilities and to replenish the
country's strategic reserves with food products.
According to the State Statistical Committee of Kyrgyzstan,
during the first half of 2023, the value of agricultural production
in the country, including food items, beverages, and tobacco
products, grew by 7.56 percent, from 24.3 billion soms ($470
million) to 31.1 billion soms ($601 million).
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