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
Bosnian Serbs defy Constitutional Court ban to celebrate statehood day
Bosnian Serbs marked the anniversary of their autonomous region’s statehood on January 9 in defiance of a Constitutional Court ban. On January 9, 1992 when Bosnian Serb leaders declared ... more
Orban’s new illiberal axis
Amid the furore over Hungarian Prime Minister Viktor Orban’s visit to Tbilisi immediately after the allegedly stolen October 26 general election, a visit by the country’s President Tamas ... more
EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses
The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more