19.4 BILLION TENGE HAS BEEN ALLOCATED FOR THE SUPPORT OF ENTREPRENEURSHIP
In order to support entrepreneurship, the city budget provides 19.4 billion tenge in 2020. This is twice more as compared with last year. This became known during a briefing with the city mayor.
From these funds, 4.2 billion tenge was allocated for agricultural subsidies, 5.2 billion tenge for partial interest rate subsidies, 823 million tenge for partial loan guarantees, 205 million tenge for grants for innovative projects, 816 million tenge for concessional lending, and 40 million tenge for business support.
Anti-recessionary measures plan was approved in accordance with the comprehensive plan on restoring economic growth.
"The plan provides for 29 measures to stabilize prices, protect local producers, and ensure economic growth until the end of 2020. Besides, on behalf of the President, tax concession were granted for certain categories of small and medium-sized businesses, and they have been exempted from audits for 3 years. Until the end of the year, they are exempt from paying taxes on agricultural land," - said Murat Aitenov.
"The plan provides for 29 measures to stabilize prices, protect local producers, and ensure economic growth until the end of 2020. Besides, on behalf of the President, tax concession were granted for certain categories of small and medium-sized businesses, and they have been exempted from audits for 3 years. Until the end of the year, they are exempt from paying taxes on agricultural land," - said Murat Aitenov.
Press service of Shymkent city mayor