Proposer of the budget is the Presidency of B&H, and the Draft Law on Budget of Institutions of B&H and International Liabilities of B&H for 2016 was prepared by the Ministry of Finance and Treasury of B&H.
Budget for 2016 amounts to 1,720,637.818 BAM, of which 950 million BAM or 55.2 percent of total budget is intended for financing of state institutions.
The Council of Ministers of B&H earlier stated that financing is on the level of previous years and in accordance with savings measures being implemented by the Council of Ministers of B&H, and that an amount of 770,637,818.00 BAM is intended for external debt servicing.
Savings of 5.5 percent are realized with budget for 2016, and these savings refer to financing of state institutions given the fact that 60.7 percent of total budget for 2015 was intended for administration financing.
(Source: klix.ba)
