What is the Current Surplus for 2015?

In 2015, the budget of Tuzla Canton achieved current surplus of 11 million BAM. Revenues in the budget of Tuzla Canton in 2015 amounted to about 311 million BAM, while expenses amounted to 300 million BAM, according to the relevant cantonal minister. This indicates that the current surplus amounts to 11 million BAM. Capital expenditures were slightly higher than 5 million BAM.

“Net purchases of fixed assets are negative and amounted to 5 million and 42 747 BAM. When this amount of negative net purchases of fixed assets is subtracted from the current surplus, we obtain the total surplus of 6 million and 154 003 BAM,” said Jakub Suljkanovic, Minister of Finance of TC.

As the Minister emphasized, all this shows that the Cantonal Government did everything in order to stabilize the financial situation. The largest achieved inflows in budget in that year were from taxes and amounted to 260 million BAM, which makes 83 % of the total budget of the Canton. Most of the expenditures, about 63 %, was related to the payment of salaries and benefits cost for budget users. In 2015, there was also a loan amounting to 20 million BAM. The total accumulated deficit of Canton is now 60 million BAM, as confirmed by the relevant cantonal minister.

“On the 31^st of December 2014, we had to a total of 93 million and 360.000 BAM of accumulated deficit. This amount has decreased in 2015 and it amounted to 60 million and 67 000 BAM, thus it is reduced for 33 million BAM,” said Suljkanovic.

It is already well known that the Government of TC will not be taking any loans until 2019.

(Source: akta.ba)