SARAJEVO, MARCH 15 (ONASA) – The Council of Ministers of BiH unanimously approved the Draft Law on the Budget of BiH Institutions and International Obligations of BiH for 2023, which the Ministry of Finance and Treasury will send to the Presidency of BiH, as an authorized proposer to the Parliamentary Assembly of BiH, which in finally adopts this law.
Previously, the Framework Budget Document of the Institutions of Bosnia and Herzegovina for the period 2023-2025 was unanimously adopted, harmonized with the Global Framework of the Fiscal Balance and Policies in BiH for this period, which was adopted by the BiH Fiscal Council at the beginning of last week.
Total revenues, receipts and financing of institutions of BiH within the budget for 2023 amount to 1,315,400,000.00 BAM, which is an increase of 241.8 million BAM compared to the budget of institutions of BiH for 2022.
Revenues from indirect taxes are planned in the amount of 1,020,500,000.00 BAM and have been increased by about 155 million BAM or 18% compared to the budget for 2022. Other sources of financing are non-tax revenues of the institutions of BiH in the amount of 152,118,000.00 BAM, dedicated funds for financing the institutions of BiH in the amount of 692,000.00 BAM, transferred surplus funds from the previous year in the amount of 141,100,000.00 BAM and proceeds from the sale of fixed assets in the amount of 990,000.00 BAM.
The total expenditures of BiH institutions amount to 1,315,400,000.00 BAM and are higher by 23% compared to the previous year, while servicing the external debt of BiH amounts to 1,245,966,362.00 BAM, which is an increase of 426,777,243.00 BAM compared to the budget. from the previous year. Thus, the total expenditures of BiH institutions and the servicing of the external debt of BiH in the budget for 2023 amount to 2,561,366,362.00 BAM and are higher by 668,577,243.00 BAM compared to 2022.
The draft budget for 2023 prioritizes the continuation of reforms related to meeting the conditions for the European Partnership, the implementation of the Stabilization and Association Agreement (SAA), contributing to the programs and activities of the Ministry of Defense and other relevant ministries and institutions of BiH resulting from the Partnership for Peace program (PfP) and other types of cooperation with NATO. At the same time, budget funds are directed to the implementation of multi-year projects of budget beneficiaries, as well as to the improvement of the social and material status of employees in BiH institutions.