ANNOUNCEMENT 18 Feb 2013

In February 2013, the government of Kazakhstan announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising
Inception date: No inception date

Instrument unclear

On 18 February 2013, the Government of Kazakhstan approved a 7-year state programme 'Agricultural Development Program for 2013-2020' ('Agrobusiness--2020').Among its principal goals is the target to increase the competitiveness of agricultural producers through financial assistance, and to improve the access and marketing of agricultural products, services to farmers. The total funding envisioned for the life of the program is 3.1 trillion tenge (approximately 20.5 billion USD), distributed as follows:

  • 2013 - 339.7 bln tenge
  • 2014 - 466.0 bln tenge
  • 2015 - 322.7 bln tenge
  • 2016 -340.7 bln tenge
  • 2017- 383.5 bln tenge
  • 2018 - 406.9 bln tenge
  • 2019- 414.3 bln tenge
  • 2020 - 448.4 bln tenge

A break-down by means of financing for the period 2013-2020

  • total state (republican and local) budget subsidies: 2.724 trillion tenge
  • obligation loans: 300 million tenge
  • own funds of JSC 'Food Contract Corporation' 2.155 million tenge
  • own funds of JSC "KazAgro": 96 million tenge.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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