23.10.2008, 15:28 2710

Most part of resources allocated from National fund for stabilization of economy to be spent on development of agriculture - Masimov

The most part of the resources allocated from the National Fund for stabilization of economy should be spent on development of agriculture. The Prime Minister of Kazakhstan, Karim Masimov, stated his opinion today during the first international agrarian investment forum AGROINVEST. KZ - 2008, the agency reports.

Astana. October 23. Kazakhstan Today - The most part of the resources allocated from the National Fund for stabilization of economy should be spent on development of agriculture. The Prime Minister of Kazakhstan, Karim Masimov, stated his opinion today during the first international agrarian investment forum AGROINVEST. KZ - 2008, the agency reports.

"Up to the end of 2008 the state will additionally allocate $15 billion for development of economy of Kazakhstan that is $10 billion from the National fund and $5 billion from the National Bank to maintain liquidity. I consider that the lion's share, the most part from these investments should be used for development of agriculture, on investment into agricultural industry," K. Masimov said.

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