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Kazakhstan to allocate $4 billion for support of agricultural and industrial complex - Nazarbayev

Astana. November 25. Kazakhstan Today - Kazakhstan will allocate $4 billion for support of agriculture and industrial complex. The President of Kazakhstan, Nursultan Nazarbayev, said during the session of Council of National Investors on Friday, the agency reports. "Having such opportunities, we can receive much more agricultural products than we have now. There is always demand for food both in the world and local markets," N. Nazarbayev said. "Therefore, the government will direct $1 billion from the National fund for agriculture development. Thus, $3 billion has been allocated for the three-year budget for 2009 - 2011, one billion a year," he specified. The head of the state stated on the necessity of maintenance of effective target use of these funds from the Ministry of Agriculture and the state holding State Holding KazAgro. "The Assistant Prime Minister of Kazakhstan, Umirzak Shukeev will be responsible for this complex," the President of Kazakhstan specified. "The money should be accessible to a broad range of businessmen and agricultural producers," N. Nazarbayev concluded.

Resourse: Kazakhstan Today

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