The Prime Minister of the Federation of Bosnia and Herzegovina, Nermin Nikšić, spoke today with the delegation of the International Monetary Fund Mission, which included the head of the Mission, David Amaglobeli, and the resident representative of the Mission in Bosnia and Herzegovina, Andreas Tudyk. The meeting was held in the framework of regular consultations.
Prime Minister Nikšić presented the main financial indicators to the representatives of the IMF Mission. Among other things, the implications of global events on the domestic economy were discussed, and it was stated that much larger countries in the world felt the consequences of the war in the Middle East, and that it was quite expected that they also affected the economy in our country.
In this context, the Federal Prime Minister emphasized that the Government of the Federation of Bosnia and Herzegovina has undertaken a number of activities in the past period with the aim of protecting the standards of citizens, especially pensioners and the most vulnerable categories of the population.
He stated that some of the adopted measures with the aim of protecting citizens from inflationary shocks are limiting the price of bread, locking the lowest prices of 100 products, then limiting the margins of retail and wholesale prices of oil and oil derivatives.
Also, among the measures adopted by the Government of the Federation of Bosnia and Herzegovina with the aim of strengthening competitiveness, preserving jobs and protecting workers are an increase in the amount of the minimum wage, but also enabling employers to pay non-taxable one-time benefits to employees. Help to the economy was given through a reduction in the total contribution rate, but also through various incentives. It was established that despite the global events in the first five months of this year, there was a noticeable increase in income, and that thanks to the fiscalization of transactions, this trend will continue.
The representatives of the IMF Mission informed Prime Minister Nikšić about the expected financial developments in the future period in the context of global events and the challenges they bring.
They discussed the reform measures and benefits that the adoption of the Growth Plan would lead to. Solving the issue of state property was also an unavoidable topic. The interlocutors agree that the solution to this important issue would lead to a large investment cycle from which all citizens of Bosnia and Herzegovina would greatly benefit, announced the FBiH Government Office for Public Relations.
