The institutions of Bosnia and Herzegovina should receive the budget for 2024 by the end of this week. The House of Representatives of the Parliamentary Assembly of BiH should consider the Bill on the Budget of BiH Institutions and International Obligations of BiH for 2024, proposed by the Presidency of BiH, at the emergency session scheduled for tomorrow, and the House of Peoples on Friday, July 19.
The state presidency sent this document to the parliamentary procedure with a request for consideration under an urgent procedure, which means without the possibility of any changes.
At its session in Mostar on July 4, the Council of Ministers of BiH approved the draft, and then the BiH Presidency a day later, at its session on July 5, also approved the Draft Law on the Budget of BiH Institutions and International Obligations of BiH for 2024 and forwarded it as an authorized proposer to the Parliamentary Assembly of Bosnia and Herzegovina for consideration and adoption.
The BiH Council of Ministers unanimously approved the Draft Law on the Budget of BiH Institutions for 2024, with corrections at the session that, among other things, relate to the increase in the budget of the Ministry of Defense of BiH by 1,750,000 BAM compared to the originally planned funds, and the increase in the budget of the Presidency BiH for 500,000 BAM.
At the same time, the budgets of the BiH Ministry of Security were reduced by 950,000 BAM compared to the originally planned funds, the Veterinary Office by 500,000 BAM and the Institute for the Execution of Sanctions, Detention and Other Measures by 800,000 BAM, the Council of Ministers of BiH stated.
The total income, receipts and financing of the institutions of BiH within the budget for 2024 amount to 1,355,400,000 BAM, which is an increase of 40 million BAM compared to the budget of the institutions of BiH for 2023. Revenues from indirect taxes are planned in the amount of 1,020,500,000 BAM and are at the same level as the previous year, when they were increased by about 155 million BAM compared to the budget for 2022. Among the other sources of financing are the non-tax revenues of BiH institutions in the amount of 248,049,000 BAM, which is an increase of about 95.9 million BAM compared to the previous year.
The total expenditures of BiH institutions amount to 1,355,400,000 BAM and are higher by three percent compared to the previous year, while servicing the foreign debt of BiH amounts to 1,430,733,053 BAM. Thus, the total expenditures of BiH institutions and the servicing of BiH’s external debt in the budget for 2024 amount to 2,786,133,053 BAM, which is an increase of 224,766,691 BAM or nine percent compared to 2023.
After the BiH Council of Ministers approved the draft, a day later the State Presidency approved the Draft Law on the Budget of BiH Institutions and International Obligations of BiH for 2024.
At the session of the BiH Presidency, the Chairman of the BiH Presidency, Denis Bećirović, proposed budget increases for the Srebrenica – Potočari Memorial Center for the victims of the 1995 genocide in the amount of 100,000.00 BAM. This proposal is supported and is an integral part of the Proposal of the Law on the Budget of BiH Institutions and International Obligations of BiH, which is referred to the further procedure.
