News in English     | 16.07.2019. 16:35 |

Novalić: Rebalance of budget of FBiH has increase of 48 million KM

FENA Senka Trgovčević

SARAJEVO, July 16 (FENA) – The Prime Minister of the Federation of BiH Fadil Novalić explained at today’s extraordinary session to the deputies of the House of Representatives of the FBiH Parliament that the proposed rebalance of this year budget of the Federation of BiH is 2.701.845.731 KM which is an increase of 48 million KM in comparison to the current budget.

“The main reason for its adoption is the implementation of the Law On Demobilized Soldiers and Members of their Families for which it is necessary to secure funds in the total amount of 25 million KM, which were not planned within this year’s FBiH budget,” Novalić said.

The Rebalance was drafted in accordance with the Law on Budgets of the Federation of Bosnia and Herzegovina, the Law on Execution of the FBiH Budget for 2019 and Revised Projections of Revenues.

The funds will be allocated from the so-called clearing debt in the amount of 107 million KM, which remained unspent in the budget of the FBiH for 2018, from which the construction of the fast-track Lašva-Nević field, the Southern Bypass ring road of Mostar and others will be constructed.

Also, additional funds for the construction of travel infrastructure amounting to 45 million KM, which are related to the dividend of JP Elektroprivreda BiH, are expected to be paid in the forthcoming period and will be used for the construction of the tunnel Hranjen towards Goražde .

“The accelerated construction of the road infrastructure is of particular importance, as it has the greatest multiplier effect on economic growth, especially bearing in mind the domestic labor force, domestic inputs in production as well as domestic mechanics,” Novalić said.

Rebalances are planned for additional 2 billion KM and will continue construction of the airport in Bihać, which have also remained unpolluted in the FBiH budget for 2018.

Another eight million KM is planned for transfers to lower levels of government - the cantons and municipalities, and this transfer now amounts to 18 million KM.

(FENA) L. N.

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