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Sarajevo Times > Blog > BUSINESS > Cvijanovic: Rebalance of the RS Budget in November
BUSINESS

Cvijanovic: Rebalance of the RS Budget in November

Published November 5, 2015
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cvijanovic2Prime Minister of Republika Srpska Zeljka Cvijanovic announced that this year’s budget of Republika Srpska, which amounts to 2.033 billion BAM, will be re balanced this month.

Cvijanovic added that they will access the adoption of the budget and economic politics for the next year in December.

Speaking about the loan from the US fund in the amount of 300 million USD, Cvijanovic said that the Republika Srpska is realizing the withdrawal of the first tranche, which will not exceed 50 million USD.

“Other tranches, as foreseen by the contract and as already agreed, will be withdrawn in the upcoming period. By the end of the year a single tranche was provided anyways, which is fitting in the amount of funds that can be withdrawn by the end of the year,” said Cvijanovic to reporters in Banja Luka.

She reminded that the long negotiations took place regarding this loan, and that they had negotiations with a variety of funds, not only with the selected lender.

(Source: klix.ba)

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