News in English     | 29.07.2020. 13:01 |

BiH PA House of Peoples passes the budget of BiH institutions for 2020

FENA Aida Kovač

SARAJEVO, July 29 (FENA) - The House of Peoples of the Parliamentary Assembly of BiH adopted today at an emergency session the Report of the Joint Committee of both houses of the Parliamentary Assembly on harmonization of the text of the Bill on the budget of the institutions of Bosnia and Herzegovina and international obligations for 2020, thus completing the adoption procedure.

All 13 delegates present voted in favor of the report.

The House of Representatives of the BiH Parliament on Monday adopted a report of the Joint Committee that harmonized the text of the Bill on the state budget for 2020, which the House of Representatives and the House of Peoples had previously adopted with different amendments.

The joint committee determined the final content of the Bill adopted in the House of Peoples.

According to the agreed Bill, the budget submitted to the Presidency of BiH by the Council of Ministers of BiH, takes into account the circumstances caused by the Covid-19 pandemic.

According to the adopted document, the total revenues, receipts and financing of the BiH institutions in 2020 amount to 996,000,000 KM, the same as the total expenditures, which is 30,000,000 KM or three percent more than in the 2019 budget.

External debt servicing amounts to 807,552,931 KM and is lower by 18.2 million KM or two percent compared to the previous year.

Current expenditures are planned in the amount of 868,345,000 KM and compared to 2019, they are cut by 718,000 KM or 0.1 percent.

Funds for mitigating economic consequences of coronavirus epidemic are planned in the total amount of 41,927,000 KM as a new item in the budget, of which 14,747,000 KM goes for direct transfers and 27,180,000 KM on the current reserve.

For the holding of the local elections in BiH, the budget has planned the funds of 4,227,000 KM.

Due to the limitations to the total public expenditures and revenues at the state level, with the aim of securing funds for the implementation of priority activities, the financing of part of multi-year projects in the total amount of 19.2 million KM in 2020, has been prolonged.

(FENA) S. R.

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