Bulgarian Government to boost the agricultural sector

Bulgarian Government to boost the agricultural sector

The Bulgarian Cabinet has decided to release 20 million leva in aid to the agricultural sector, as an additional anti-crisis measure, Agricultural Minister Miroslav Naydenov said on May 19 2010, Bulgarian media reported.

According to reports, the money is designed to stimulate and facilitate dairy producers in particular because "milk production suffered the most in the crisis", Naydenov said.

Meanwhile, it has emerged that only six ministries managed to cut their spending by 20 per cent for 2010 as instructed by Financial Minister Simeon Dyankov. These are the Ministry of Education, the Ministry of Agriculture, the Regional Development Ministry, the Ministry of Health, the Ministry of Sport and the Finance Ministry itself.

The aim was to save about 900 million leva in state administration spending during the year. In spite of the trimming from those six ministries and the savings made, however, it was revealed that a further 145 million leva is needed in savings for the goals to be achieved, Dyankov told Bulgarian media.


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