Republika Srpska will borrow 560 million BAM for financing of budgetary expenditures in the following year. Government of RS stated a wide range of potential creditors, and on the first place again is the International Monetary Fund.
When it comes to IMF, the government does not have to hurry, because it already has 490 million loan provided from the American investment fund that RS needs to withdraw next year. By the end of this year, the government will withdraw only the first tranche of 50 million, as the pensions will be paid from the budget as from January, according to Nezavisne novine.
The fact that it has provided the stability of the budget for this, and the following year is considered to be the greatest success of government, according to the Center for Civic Initiatives. However, that does not mean that the government conducted a responsible policy towards the future generations.
The RS government, as you can see, is working intensively on finding credit funds to maintain social peace throughout the year 2015 and especially in the last 3-4 months, which generally is not good,” said Zeljko Ninkovic from CCI.
The Government emphasizes that the debt is under control and that they are returning more than they are borrowing each year. However, economists consider that the authorities are playing with numbers as debt of RS is constantly increasing, and it has increased by 300 million BAM only this year.
“The deficit last year was officially 120 million BAM. The revision found that the debt is nearly 200 million, and when they compared the revenues and expenditures in the last year, it amounted to 300 million. Official statistics has recorded that the indebtedness of RS from 5 billion and 50 million went to 5 billion and 350 million. Thus, this information completely agree,” according to Zoran Pavlovic, an economic analyst.
(Source: fokus.ba)
