Council of Ministers of BiH Adopts Framework Budget Document for Institutions for 2021-2023

SARAJevo, (Patria) - The Council of Ministers of BiH adopted the Framework Budget Document for Institutions (DOB) of Bosnia and Herzegovina for the period from 2021 to 2023, which follows the previously adopted Global Framework of Fiscal Balance and Policies in BiH for this period.

The Framework Budget Document for BiH institutions for this period shows the total expenditure of BiH institutions (excluding external debt servicing) in the amount of one billion and 27.1 million KM for each year, with an allocation from the Indirect Taxation Authority's Single Account of 780 million KM annually.

Furthermore, the DOB monitors and supports reforms in BiH and the implementation of the previously defined 14 strategic goals, including macroeconomic stability, economic development, balanced regional development, faster and more efficient development of agriculture and the rural sector, development of energy potentials, increasing employment opportunities, promoting inclusivity in education, and reducing poverty in BiH.

The Ministry of Finance and Treasury of BiH prepared this document with the active participation of the Directorate for Economic Planning of the Council of Ministers of BiH (DEP) and the Department for Macroeconomic Analysis (OMA) within the Management Board of the Indirect Taxation Authority.