Századvég conference – István Nagy: strengthening the economy of the countryside is strengthening the whole of Hungary

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István Nagy emphasized that the countryside is a solid foundation, a safe starting point, a thousand-year-old sustaining force that can be relied on during the increasing difficulties, the protracted epidemic, the Russian-Ukrainian war, the failed Brussels sanctions policy and the historic drought. He mentioned that from the beginning of 2021, the government made support decisions worth HUF 2,250 billion for the development of the agriculture and food industry, which is the economic backbone of the region. In the 2023-2025 period, 3,400 billion forints will come to this area within the framework of one pillar of the common agricultural policy (CAP), and 4,265 billion forints will come to this area within the framework of the second pillar, he added. Among rural development subsidies, investment subsidies that increase competitiveness and efficiency are decisive, but at the same time they also pay attention to the environment and sustainability goals, he explained. In the context of investment subsidies, the priority is to increase added value and production cost efficiency, he added. In order to increase the ability of rural people to preserve value and generate income, the ministry launched a private support program, on which more than 9 billion forints have been spent so far – he recalled, pointing out that this program greatly helps the local population in self-sufficiency.

MTI