prijava
SARAJEVO, April 16 (FENA) - The Government of the Federation of Bosnia and Herzegovina at today's session has adopted amendments to the 2020 budget. The amount after the revision is 5,509,000,000KM, which is an increase of 11.2 percent.
Adviser to the FBiH Prime Minister Goran Miraščić said at today's press conference of FBiH institutions that the budget is the basis for the implementation of the established bill on mitigating the negative economic consequences caused by the coronavirus pandemic, and is the basis for establishing an economic stabilization fund and the guarantee fund by the FBiH Government to be established with the Development Bank.
"The complete first set of economic measures, which serves to mitigate the first impact on the economy, consists of the Economic Stabilization Fund, the Guarantee Fund at the Development Bank, and the basis for all this is the revised budget for 2020 and the law on mitigating the negative economic consequences," explained Miraščić.
He says that the impact on the world economy has not yet taken place, and that experts expect it to produce more severe consequences than the crisis of 2008 and 2009, but also the Great Depression of 1929 to 1932.
"We now have a complete disruption in supply chains, a decline in supply and demand. We do not know how long it will take, we predict that the first wave of the crisis might end in the first half of 2020. The prediction we made for the budget is a drop in revenues of about KM 470 million," he said.
He said that the FBiH budget expenditures increased by just over 588 million KM, and that the difference has been covered with an additional 790 million KM of debt, or the so-called receivables, which will now amount to 1,375,000,000 KM.
He added that the IMF's loan amounts to 400 million KM through the rapid recovery fund, of which 200 million will go to the Economic Stabilization Fund and another 200 million KM will be transferred to the cantons in the form of grants. The loan from the World Bank amounts to 55 million KM.
(FENA) S. R.
