Consolidated Report on Budget Execution: Federation in Surplus

Looking at the levels of government, the FBiH Budget achieved a surplus of 60.8 million KM in the period from January 1 to June 30, 2017. The total financial result of all cantons is also in surplus of 137.2 million KM, and municipalities also achieved a surplus of 60.1 million KM.

The total financial result at the social protection sector level (extra-budgetary funds of the Federation of BiH) is in surplus of 69.2 million KM.

This is stated in the consolidated report on the execution of the budgets of the Federation of BiH, cantons, municipalities, and financial plans of extra-budgetary funds of the Federation of BiH for the period January-June 2017. The document is based on financial reports on the execution of the budgets of the Federation of BiH, cantons, and municipalities, as well as financial plans of extra-budgetary funds, and contains information on the structure of achieved revenues and receipts, expenditures and outlays.

Total revenues in the first six months of 2017 amount to 3,854.1 million KM, which is 323.7 million KM or 9.2 percent more compared to the same period of the previous year, and the realization compared to the plan is 46 percent.

Tax revenues amount to 3,380.2 million KM and account for 87.7 percent of the total structure. Compared to the period January-March 2016, their realization is higher by 286.6 million KM or 9.3 percent, and compared to the plan, they were realized at 50.1 percent.

Total expenditures in the period January - June 2017 were realized in the amount of 3,257.5 million KM, which is 26.1 million KM or 0.8 percent more compared to the same period last year, and the realization compared to the plan is 42 percent.

Current transfers and other current expenditures after consolidation amount to 1,571.9 million KM. Of this, current transfers to other levels of government amount to 19.1 million KM, to individuals 1,349.7 million KM, and to non-profit organizations 97 million KM. Subsidies to public enterprises are 51.4 million KM, and to private enterprises and entrepreneurs 41.7 million KM. Other current expenditures account for 12.6 million KM.

Consolidated capital transfers for six months of 2017 amount to 21.1 million KM and compared to the period January - June 2016, the realization is lower by 19.3 million KM or by 47.8 percent.