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Federal budget expenditure on agricultural facility improvements in Russia 2017-2019

Annual volume of subsidies for construction and upgrade of agricultural facilities in Russia* from 2017 to 2019**

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Sources

Release date

December 2018

Region

Russia

Survey time period

2017

Supplementary notes

* Cash utilization as at 31 December 2017. Figures for 2018 and 2019 are provisional.

** The subsidy allows for partial reimbursement of direct expenses incurred on launch/upgrade of agroindustrial facilities at the expense of the federal budget funds. This form of support is available to companies which launched the construction/upgrade of fruit storages, potato storages, vegetable storages, greenhouse facilities, dairy and pig farms, genetic selection and seed production centers, wholesale‑distribution centers no longer than three years prior to the subsidy issuance. Subsidy recipients are reimbursed for 30–35 percent of the costs incurred on the launch/upgrade of agroindustrial facilities depending on the segment and geographical location provided the costs do not exceed the thresholds set by the Russian Agriculture Ministry.
In total, 192 investment projects were selected and financed in 2017.

According to the source, the figures were obtained from the national agricultural ministry's "The National Report on the Progress and Implementation of the State Program for Agriculture Development and Regulation of Markets for Agricultural Products, Commodities and Food Products of 2019-2020," Federal Law No. 362-FZ of 5 December 2017 (in the wording as at 3 July 2018) "On the Federal Budget for 2018 and the Planning Period of 2019-2020."

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