Bosnia’s Jan-Sep central state revenue meets 76% of annual plan

By bne IntelliNews December 12, 2013

Bosnia’s central state revenue stood at BAM 723.1mn (EUR 370mn) in the first nine months of 2013, equal to 76% of the full-year fiscal planning, Dnevni Avaz daily reported, quoting a report on state-level budget execution for January-September. The report was approved by the government at its regular weekly meeting on December 11. It did not provide a figure for the Jan-Sep budget balance but said fiscal expenditure for the period stood at BAM 638.3mn (equal to 67% of 2013 plan).

In addition, Bosnia paid BAM 454.5mn to service its foreign debt over the nine-month period. The country’s external debt stock equalled to BAM 7.1bn as of end-September, the report underscored.
Bosnia's consolidated budget, which includes state-level institutions and the two entities – the Federation and the Serb Republic - is expected to post a deficit equal to 2.0% of the full-year GDP forecast, down from 2.6% of GDP the year before, according to the IMF.

 Nonetheless, in January-June 2013, the consolidated budget recorded a surplus of BAM 109.6mn, according to central bank data. However, the latter exclude capital investments in the field of infrastructure and municipalities budgets and are likely underestimating the overall level of expenditures.

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