News in English     | 24.01.2022. 16:31 |

FBiH HoR adopts Bill on Amendments to the Law on Allocation of Public Revenues

FENA Vernera Jakupović, Photo:

SARAJEVO, January 24 (FENA) - At the session of the House of Representatives of the FBiH Parliament, with 66 votes out of 90, a bill was approved whose proponents basically demand redistribution of public revenues by cantons in the Federation of BiH in such a way that part of the total share of the Sarajevo Canton is distributed to other, less developed cantons.

The proponents believe that this will correct the injustice towards residents whose standard and living conditions are noticeably worse in many areas than in Sarajevo.

They prescribed that the current coefficient for distribution to the Sarajevo Canton of 1.9658 be reduced to 1.5. According to projections, that would reduce the revenues of the Sarajevo Canton by approximately 86 million KM in the next year. The coefficient would be reduced by 0.1 percent each following calendar year, to a value of 1.3.

During today's parliamentary debate, opponents of such a legal solution claimed that the Sarajevo Canton would lead to serious problems. Some have asked the FBiH Government to offer a law that would satisfy all parties, based on analysis and appropriate economic criteria.

Due to the bill, the Government and the Assembly of the Sarajevo Canton reacted during the day, whose representatives said at the press conference that the reduction of coefficient would cause economic consequences not only for the cantonal budget but also for the economic stability of the Federation of BiH. Economic experts have been pointing out for months the need to pass a proposal for this law, but with fairer criteria, solidarity, social justice and balanced development, along with the principles of transparency and accountability.

The full title of this act is the Bill on Amendments to the Law on Allocation of Public Revenues. It was nominated by the representative of the Party of Democratic Action Salko Zildžić and a group of other deputies, not all of whom are his party colleagues.

(FENA) A. B.

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