Trademagazin > News and articles > Market News > Agricultural and rural development payments increased by more than 10 percent last year
Agricultural and rural development payments increased by more than 10 percent last year
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)
Related news
Applications for irrigation investments open from February 4
The Ministry of Agriculture treats the development of irrigated farming…
Read more >Producer prices of slaughter cattle continue to rise
According to AKI slaughter statistics, in 2024, cattle slaughter in…
Read more >The authority confirmed the plague of small ruminants in another settlement
The Nébih confirmed the plague of small ruminants in sheep…
Read more >
More related news >
Related news
KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent,…
Read more >Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and…
Read more >NGM spokesperson: prices were already corrected in the last days of January
According to the Central Statistical Office (KSH), in January 2025,…
Read more >