Bosnia’s Federation 2013 budget revenue meets 87% of annual plan

By bne IntelliNews April 11, 2014

Bosnia’s Federation budget revenue stood at BAM 1.9bn (EUR 971mn) in 2013, equal to 87% of the full-year target, news agency Srna reported quoting a report on the 2013 budget execution. The report was approved by the entity’s government at its regular weekly meeting on April 9. It did not provide a figure for the 2013 budget balance but said fiscal expenditure for the period stood at around BAM 2.0bn (equal to 90% of 2013 plan).

Tax income totaled BAM 1.2bn last year, accounting for a 63% share in total budget revenue. Non-tax revenue stood at BAM 274.4mn, whereas income from borrowing and other receipts amounted to BAM 399mn.

The Federation together with the Serb Republic makes up Bosnia.

Bosnia's consolidated budget, which includes state-level institutions and the two entities, posted in 2013 a deficit equal to 2.2% of the full-year GDP, down from 2.6% of GDP the year before, the IMF estimates.

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