Russia budgets nearly $468 mln for farm machinery programs in 2027-2029

MOSCOW, October 7. /TASS/. Around 40 bln rubles ($467.95 mln) has been earmarked in the Russian budget for agricultural machinery manufacturing programs over the next three years, according to a presentation by the Russian Industry and Trade Ministry delivered by Minister Anton Alikhanov.

In particular, 11.75 bln rubles ($137.46 mln) is expected to be allocated in 2027, 14.1 bln rubles ($164.95 mln) in 2028, and 13.9 bln rubles ($162.61 mln) in 2029.

The agricultural machinery discount subsidy program is set to receive 10 bln rubles ($116.99 mln) in 2027 and 12 bln rubles ($140.38 mln) in both 2028 and 2029.

A total of 1.5 bln rubles ($17.55 mln) is expected to be allocated to DOM.RF’s preferential leasing program next year, followed by 1 bln rubles ($11.70 mln) in 2028 and 800 mln rubles ($9.36 mln) in 2029.

Co-financing of research and development costs will also continue, with 250 mln rubles ($2.92 mln) allocated in 2027 and 1.1 bln rubles ($12.87 mln) in both 2028 and 2029.