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The Serbian agriculture minister boasted of record subsidies for the sector

Published Nov 9, 2024

Tridge summary

Serbia's 2025 budget allocates a record 111.5 billion dinars ($1.022 billion) for agricultural subsidies, marking a significant increase from the 2024 budget's initial allocation of 83 billion dinars, which was later increased to around 100 billion dinars. The subsidies will be managed by the Agency for Agricultural Payments, reflecting the government's continued support for the agricultural sector, which is recognized as a key contributor to the country's economic growth.

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Original content

The 2025 budget proposal adopted by the government of Serbia foresees a record subsidy of 111.5 billion dinars ($1.022 billion at current exchange rates) for the country's agriculture, which will be distributed by the Agency for Agricultural payments, Serbian Minister of Agriculture Aleksandar Martinovic said at a press conference, quoted by the local Agro TV. "We have reached a record value of the budget for agriculture, I mean mostly the Agency for Agricultural Payments, taking into account that it will allocate 111.5 billion dinars for incentive measures. In this way, the trend of increasing support for the development of the economic sector, which is definitely recognized as one of the strategic ones for the development of the country, continues," Martinovic pointed out. He recalled that in the budget for agriculture in Serbia for 2024, 83 billion dinars were initially set aside for subsidies, but the amount later increased to about 100 billion dinars after redistribution of ...

Source: Sinor