News in English     | 01.10.2020. 14:26 |

BiH CoM - Material costs of state institutions reduced by about 9.9 million KM

FENA Press release

SARAJEVO, October 1 (FENA) - The Council of Ministers of Bosnia and Herzegovina today adopted the Report on Execution of the Budget of the BiH Institutions and International Obligations for the first six months of this year, which the Ministry of Finance and Treasury will submit to the BiH Presidency and Parliamentary Assembly.

The total revenues, financing and receipts available to the institutions of Bosnia and Herzegovina in the first half of 2020 amounted to 472,096,710 KM and are three percent higher than planned.

Salaries and compensation of employees in the BiH institutions remained at the level of 2012. At the same time, in this period, the total material costs were reduced by about 9.9 million KM, compared to the same period last year.

Travel expenses were reduced the most, by about 3.9 million KM, or 54 percent compared to the same period last year.

All due liabilities on the basis of external debt were settled in a timely manner in the total amount of  360.39 million KM, of which  293.18 million KM refers to the repayment of the principal, and  67.21 million KM to the repayment of interest, service and other costs.

(FENA) S. R.

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