The Sarajevo Canton Assembly adopted the 2026 Cantonal Budget in the amount of 1,998,591,126 KM – total revenues have increased, and the focus is on fiscal stability.
There was an increase in the structure of total revenues, and the Cantonal Government planned an additional 298,261,344 KM in order to comply with the agreed measures by departments.
The largest increase relates to income tax revenues, by 100,468,185 KM, indirect taxes belonging to the Cantonal Government (+93,105,307 KM) and profit tax by 44,694,434 KM, while property tax revenues decreased by 2,507,858 KM. Receipts from the sale of land and buildings increased by 60 million KM.
Although deferred revenues from 2025 were omitted, they will be included after the end of the accounting period. In this context, direct foreign borrowing from IFC in the amount of 189,040,230 KM is planned, mostly for the purpose of refinancing existing obligations and the implementation of the Sarajevo Science and Technology Park project.
Expenditures are planned in line with revenues. 888,765,627 KM is planned for gross salaries, benefits and contributions, 198,385,007 KM for materials and services, 362,032,707 KM for current transfers, while expenditures for debt repayment are planned in the amount of 254,912,390 KM.
The budget proposal also includes new credit borrowings for capital projects, including the modernization of public transport depots and the restructuring of KJKP GRAS, as well as the continuation of infrastructure, traffic, water supply, environmental and university projects.
Cantonal Finance Minister Afan Kalamujić emphasized that the planned debt refinancing with the support of IFC brings significant budget savings, reduces interest rates and strengthens the fiscal stability of the Sarajevo Canton, thus creating space for new development and infrastructure projects of public interest.
