The Government of the RS should determine an entity budget for the next year in the middle of November, which should amount to around 3.2 billion BAM, and they should submit it for adoption to the National Assembly.
“We believe that we will have adopted budget for the next year soon, as well as the policies that go with that document. We have also located some urgent places where we should invest some capital investments, as well as to pay attention to issues that suggest that the amount of obligations that need to be serviced from the debt-related budget will be increased in the next year,” said Milorad Dodik after consultations with the Government of the RS.
He stated that almost 25 % of the original funds this year went for repayment of the previous debts and he reiterated that debt restructuring was one of the measures of economic policy.
“This year’s indebtedness amounted to about 640 million BAM, and new 540 million BAM were taken to repay that debt, which means that it is not a new debt but servicing the old debt,” said Dodik.
Due of the inability to continue the IMF arrangement, he says that the RS is about 300 million BAM in minus for this and the next year.
Entity Prime Minister Zeljka Cvijanovic also stated that the RS is getting significantly less indebted than it returns debts based on borrowed credits.
She also stated that there will be no layoffs in the next year.