The scope and structure of the incentives in agriculture and rural development in the Republic of Serbia

Grujić Vučkovski, Biljana and Roljević Nikolić, Svetlana and Simonović, Zoran (2019) The scope and structure of the incentives in agriculture and rural development in the Republic of Serbia. Facta Universitatis Series: Economics and Organization, 16 (3). pp. 327-335. ISSN 0354-4699

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Abstract

The aim of the paper is to point out the scope and structure of the incentives from the agricultural budget of the Republic, as well as from the IPA Fund which are intended for the agricultural and rural development sector in Serbia. A brief overview of the chronology of harmonization of national legislation in the field of agricultural production with European rules is given as well as the plan for realization of IPARD funds for the period 2014-2020 and a review of incentives from the agricultural budget for the period 2016-2019. EUR 175 million from the EU budget and EUR 55 million from the national budget are allocated for supporting the agriculture and rural development sector of Serbia within the IPARD measures. The largest amount of funds within the IPARD measures is planned for investments in the physical assets of agricultural holdings (43%). Somewhat less contribution is scheduled for the investments in processing and marketing in agricultural holdings (37%). The leftover measures include only 19% of the planned funds intended to support agricultural holdings within the IPARD assistance program. On the other hand, an analysis of the incentive structure from the Republic's agrarian budget indicates that the largest share has direct payments of over 50%, while the rural development measures are averagely financed with 12.3%.

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