Global Fiscal Balance and Policy Framework for 2021-2023 Unanimously Adopted

(Patria) - Chairman of the BiH Fiscal Council Zoran Tegeltija held the 4th session of the BiH Fiscal Council today, where the Global Fiscal Balance and Policy Framework for the period 2021-2023 was unanimously adopted, creating prerequisites for budget planning for 2021 at all levels of government. The adopted document established the framework for the Budget of Bosnia and Herzegovina's institutions for 2021 in the amount of 1.02710 billion KM. Revenues for financing the Budget of BiH institutions for 2021 from indirect taxes were kept at the 2020 level and amount to 780 million KM, while the remaining funds are secured from other revenues of BiH institutions.

We remind you that the members of the BiH Fiscal Council are the Chairman of the BiH Council of Ministers, the prime ministers of the entities, the Minister of Finance and Treasury of BiH, and the entity finance ministers. Non-voting members of this body also include the Mayor of Brčko District and the Governor of the Central Bank of BiH.