AM State Secretary: competitiveness and greening are the goals of the government’s agricultural policy

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He said that the government will continue the agrarian policy of Renewable Region – Renewable Agriculture, which was started in 2020-2021. “In other words, the national supplementary financing of the common EU agricultural policy will be raised to 80 percent by 2027,” he said, adding that this means HUF 5,300 billion in resources for the sector. He added that although the budget of the common EU agricultural policy is decreasing, Hungary can use the same amount of resources as in previous years. He emphasized: the government was able to successfully create a balance between the Hungarian economic development goals and the EU’s green expectations, in addition to direct subsidies, HUF 1,500 billion will be allocated to investments in rural development by 2027, HUF 1,000 billion for greening, and HUF 285 billion for classic rural development and knowledge transfer. He emphasized that the latter is important due to the generational change taking place in Hungarian agricultural enterprises. The government’s primary goal is to encourage young people to stay in production and take family businesses forward, he said.

MTI