Bosnian Presidency adopts state budget worth €498 million

Bosnian Presidency adopts state budget worth €498 million

Bosnian Presidency adopts state budget worth €498 million Izvor: N1

Bosnia's tripartite Presidency adopted the state budget in the amount of 996 million marks (some €498 million) during Friday's Emergency session.

“The Presidency adopted the Draft budget for this year and submitted it to the parliamentary Assembly for emergency adoption,” Serb Presidency member Milorad Dodik said after the session. “the budget framework is the same but we changed its internal structure. We provided an additional 40 million marks (some €20 million) by cutting capital procurements by half and cutting travel expenses.”

These funds will be directed to mitigating the coronavirus consequences, he added.

“This proposal submitted and includes a section on international obligations. The obligations of the Republika Srpska (RS) entity are 270 million marks (some €135 million), which is less by 27 million marks. The Federation entity's obligations are 10 million (€5 million) marks higher last year's."

According to him, this budget will also fund the local election scheduled for November this year.

(€1 = 1.95 Bosnian marks)

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