Council of Ministers of BiH unanimously determined the Draft Law on the Budget

The Council of Ministers of Bosnia and Herzegovina unanimously determined the Draft Law on the Budget of Institutions of Bosnia and Herzegovina and International Obligations of Bosnia and Herzegovina for 2021, which the Ministry of Finance and Treasury will submit to the Presidency of BiH.

“The budget has provided 21,684,000 BAM for the fight against the pandemic caused by tcoronavirusrus, and the Council of Ministers of BiH will prescribe the users, purpose, amount and manner of use of these funds by special decisions,” the statement reads.

Total revenues, receipts and financing of BiH institutions in 2021 amount to 1,027,100,000 BAM, which is an increase of 3% compared to the budget from the previous year, while servicing the external debt of Bosnia and Herzegovina amounts to 843,905,504 BAM and is higher by 5% in relation to the Budget of BiH institutions for 2020.

Salaries of employees in BiH institutions remain at the level of the previous year, as well as revenues from direct taxes amounting to 780,000,000 BAM.

Thus, the total expenditures of the institutions of Bosnia and Herzegovina and servicing the external debt of Bosnia and Herzegovina in the Draft Budget for 2021 amount to 1,871,005,504 BAM and compared to 2020 they are higher by 4%, ie 67,452,574 BAM.