A telephone session of the Fiscal Council in Bosnia and Herzegovina was held today, and the document of the Global Fiscal Balance and Policy Framework (GFO) for the period 2026-2028 was discussed.
Given that the deadline for statements has expired, and that a quorum for decision-making was not ensured at the session, in accordance with the valid provisions of the Rules of Procedure of the Fiscal Council in BiH, the aforementioned document was not adopted.
The Office of the Chairperson of the BiH Council of Ministers, Borjana Krišto, reminds in a press release that in the earlier period, all available steps and attempts to convene and hold sessions of the Fiscal Council were taken on several occasions with the aim of meeting, in accordance with legal regulations, all the necessary assumptions necessary for the timely adoption of both the entity and the budgets of the institutions of Bosnia and Herzegovina.
As stated, despite this, the entities continued with the procedures for adopting the entity budgets even without a previously determined GFO, while at the same time, by not declaring the proposed document, the Prime Minister of the Federation of Bosnia and Herzegovina, Nermin Nikšić, directly prevented the Fiscal Council from making a decision within the stipulated time, thus blocking the further budgeting process at the level of the institutions of Bosnia and Herzegovina.
From the Office of Chairperson Krišto, they point out that such a procedure has direct and serious consequences for the functioning of institutions at the level of Bosnia and Herzegovina, since the failure to adopt the Global Framework of Fiscal Balance and Policy prevents the adoption of the budget of the institutions of BiH, while at the same time, at the entity level, budgetary processes take place without obstacles.
“This further deepens the institutional and fiscal asymmetry, and calls into question the orderly functioning of BiH institutions. We remind you that the adoption of budget and fiscal documents within the legal deadlines is of key importance for the regular functioning of institutions, the fulfillment of obligations prescribed by law, as well as the preservation of fiscal and overall economic stability in Bosnia and Herzegovina,” it was emphasized in the announcement.
