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51.7 billion tenge was allocated by "KazAgro" JSC to promote agricultural exports


Today, at the Central Communications Service was held a briefing on the theme: "On the activity of the Holding "KazAgro" to support ACP of Kazakhstan and implement the Plan of the nation "100 steps".

Aigul Mukhamadieva, Deputy Chairman of the Board of "NMH" KazAgro" JSC, reported that Holding "KazAgro" from the state budget allocated 51.7 billion tenge, as part of additional measures to stimulate economic growth and employment in 2016-2017.

According to the speaker, the funds will be used in two directions:

1) Efficient employment and growth of incomes of the population;

2) Stimulation of growth of agricultural production for export.

Initially, it was planned to allocate funds of Single accumulative pension fund for financing   export-oriented industries. However, these funds are issued with an expensive rate of 19% for our agricultural commodity producers.

Gulnaz Atamkulova, Chairman of the Board of "Agrarian Credit Corporation" JSC, told that the mechanism of reducing this rate is mixing with the funds of the republican budget. It will reduce the rate to 11.5% per annum.