POLITICS

Government of Federation of BiH allocates 20 Million BAM for Cantons and Municipalities

At today’s session in Mostar, the Government of the Federation of BiH passed a Decision on the distribution of funds determined by the FBiH Budget for 2021 to the Federal Ministry of Finance from the position

“Current transfers to other levels of government and funds – cantons and municipalities” in the amount of 10,000,000 BAM and ” Capital transfers to other levels of government and funds – cantons and municipalities “in the amount of 20,000,000 BAM.

It is about the allocation of financial assistance to the budgets of cities and municipalities in the rehabilitation of the consequences caused by the declaration of the covid-19 pandemic and for the co-financing of projects, requests and initiatives.

The decision supported 80 municipalities and cities in the Federation of BiH, which were provided with one-time financial assistance to the budgets in the amount of 125,000 marks, and funds for capital projects that were allocated by public invitation.

Individual amounts for each municipality and city are determined on the basis of criteria from two Government decisions on the methods of distribution and procedures for allocating funds determined by the FBiH Budget for 2021 to the Federal Ministry of Finance for these purposes.

Beneficiaries of funds are required to submit reports on their spending to the Federal Ministry of Finance no later than June 30, 2022.

On behalf of the Government and under its authority, contracts with municipal mayors and mayors will be signed by the Federal Minister of Finance, the FBiH Government Office for Public Relations announced.

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