Belarus introduces mechanism of local budget spending in agriculture
Aleksandr Lukashenko signed Decree No.462 on 16 December to amend Decree
No.347 of 17 July 2014 “Concerning the state agricultural policy”.
mechanism was introduced in Belarus to plan local budget spending on
the implementation of agro-industrial measures. 50%
of the funds are distributed in accordance with the area of
agricultural lands in the relevant region, taking into account their
cadastral value and 50% - in accordance with the proceeds from the sale
of agricultural products, taking into account its increase by 10% in the
districts of the relevant region, which are unfavorable for the
production of agricultural products.
amendments also provide for the possibility of financing the purchase
of modern machinery and equipment produced both in the EAEU and abroad
for agricultural educational institutions, and carrying out cultural and
technical activities on non-meliorated agricultural lands with the help
of local budgets.