By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: How will the Excise Money be actually used?
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > OUR FINDINGS > OTHER NEWS > How will the Excise Money be actually used?
OTHER NEWS

How will the Excise Money be actually used?

Published January 31, 2018
Share
SHARE

In a long, hard and energetic struggle to adopt the Law on Excise Duties in BiH, which comes into force on February 1, and which will mean that the price of fuel will be increased by 15 fening per liter, it was emphasized that there is no construction of highways and infrastructure works in BiH without new excises.

“The money collected from excise taxes will be strictly monitored, it will be deposited on special accounts, and BiH will become the largest construction site since the war.” This was used as the alibi of those parliamentarians who gave their vote for the increase of prices of fuel in our country.

However, Minister of Finances of BiH Vjekoslav Bevanda spoke quite differently.

“Entity companies for the construction of highways were rated as loan incompetent by creditors. All the loans that were in the contracting phase or already contracted were frozen. This additional excise tax will not go on a construction of a highway. It is certain that the loans that were taken will be returned. That’s the basics of the story of excise taxes,” noted Bevanda.

The opposition representatives who did not support the adoption of the Law on Excise Duties warned that the new taxes will not be used for the construction of new kilometers of the highway, but for budget holes, which was denied by the government all the time.

The prices of fuel in BiH will be increased by 2 BAM after the excises. The fuel price in the country was increased by 0.40 BAM in the last few months.

(Source: nap.ba)

Great Project of Morgan Freeman: The Story of BiH recorded in Sarajevo and Srebrenica

BiH and Croatia Prosecution Office on Protocol on Cooperation in Prosecuting War Crimes

Twenty-two Migrant Children enrolled in School in Sarajevo

A large Number of Youth Suicides in BiH, mental Health is increasingly impaired

Postcard from the War in 1993: Basket that saved Donja Mahala in Mostar

TAGGED:#construction#excise taxes#fuel#highways#pricebudget holesinfrastructure projectsthe Law on Excise DutiesVjekoslav Bevanda
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Unusual Story: They replaced Life in Vienna with a Village in BiH
Next Article Elvedina Muzaferija carries the BH Flag at the Opening of the 23rd WOG in Pyeongchan
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2kFollowersLike
10.1kFollowersFollow
414FollowersFollow

Latest News

The BiH Presidency adopts the Annual Report of the Central Bank of BiH
April 29, 2026
Call Centres dismantled and Ten arrested in EUR 50 Million Online Fraud Case
April 29, 2026
TI BiH: Bosnia and Herzegovina risks losing 373 Million Euros
April 29, 2026
2.8 Million BAM in Incentives for Agricultural Production paid out in RS
April 29, 2026
Public Hearing of BHANSA Management on May 18th
April 29, 2026
Prohibiting Measures imposed to Defendants in the “Envelope” Case
April 29, 2026
EU Donates Equipment to Support BiH Border Police in Fight Against Migrant Smuggling and Trafficking in Human Beings
April 29, 2026
EU and NATO Chiefs in Sarajevo: Western Balkans Stability a Shared Priority, Partnership with BiH Key for Future
April 29, 2026
Dubrovnik Summit: US remains Europe’s main Strategic Partner
April 29, 2026
The 9th Meeting of the Special Group on Public Administration Reform held in Sarajevo
April 29, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?