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Nobu Eto decides whether the deficit agricultural water fund will be abolished by the end of the year

2019-11-22T04:31:40.447Z

The Ministry of Agriculture, Forestry and Fisheries is in charge of a public-private fund with a cumulative deficit of 9 billion yen.



Nobu Eto's decision to abolish the deficit agricultural water fund by the end of this year November 22 at 13:21

Regarding the public-private fund that has a cumulative deficit of 9 billion yen under the jurisdiction of the Ministry of Agriculture, Forestry and Fisheries, the Minister of Agriculture, Forestry and Fisheries of Eto stated, “I would like to make a thorough review, including the abolition,” and showed the idea of ​​deciding whether to abolish the public-private fund this year It was.

Public-Private Fund “Agricultural, Forestry and Fishery Growth Industrialization Support Organization” was established in 2013 with investment from the national and private sectors. The cumulative deficit up to March is 9.2 billion yen.

Mr. Eto, Minister of Agriculture, Forestry and Fisheries at the press conference after the cabinet meeting on the 22nd, said the fund “ I want to review it. "

On the other hand, even if the Ministry of Agriculture, Forestry and Fisheries abolishes the deficit fund, it is considering alternative organizations to continue investing in companies that are working on expanding food exports.

Mr. Eto said, “Some people are worried, so I would like to draw a conclusion by the end of the year.” He indicated the idea of ​​abolishing the fund within the year and deciding what to do in the future.

There are concerns that public and private funds invested by the government and the private sector will eventually become a burden on the public due to a series of situations where the management of the companies they have invested in will cause losses.

Source: nhk

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