Agricultural and rural development payments increased by more than 10 percent last year

By: Trademagazin editor Date: 2021. 04. 08. 11:27

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The amount of agricultural and rural development payments has been growing dynamically since 2017, increasing by 10.8 percent to 918.9 billion HUF in one year in 2020. The increasing trend was observed in all major support groups, 78.2 percent (718.5 billion HUF) of the disbursed support came from EU funds, 21.8 percent (200.4 billion HUF) was paid from the domestic budget – explains the publication of the Institute of Agricultural Economics.

The largest share, national subsidies, increased by 26.8 percent in the year under review, approaching 150 billion HUF, a significant part of the increase was related to the crisis management program aimed at mitigating the effects of the coronavirus pandemic. (MTI)