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.

Related Articles

Overlooked carbon costs spell financial trouble for Western Balkan coal power plants

Ten coal-fired power plant projects across the Western Balkans are facing serious financial problems as they have not taken properly into account carbon costs, according to ... more

US puts Albania, Bosnia and Serbia on blacklist of major money laundering countries

The US department of state has included Albania, Bosnia & Herzegovina and Serbia in its latest list of major ... more

EBRD says 2016 net profit was around €1bn

The European Bank for Reconstruction and Development (EBRD) said it made a net profit of around €1bn in 2016, up by a quarter from the €802mn it made in ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss