Friday, February 15, 2008

BOSNIAN PARLIAMENT: PRINCIPLES OF DRAFT LAW ON BOSNIAN STATE BUDGET FOR 2008 SUPPORTED

SARAJEVO, Bosnia (February 15,2008) – The Bosnian Parliamen's House of Representatives supported the principles of the draft law on the Bosnian state institutions budget and international obligations for 2008 which was proposed by the Bosnian Presidency.

The Bosnian Presidency concluded the draft law proposition at the end of January accoriding to which the budget for 2008 would amount to 1.231.357.560 Bosnian Marks.

However, delegates adopted two more conclusions proposed by the SDA Party according to which the budget would finally amount to 1.186.357.560 Bosnian Marks.

Namely, the first conclusion demands from the Commission for the Budget and Financing to, in cooperation with the Bosnian Ministry of Finances and Vault, in the amendment phase concludes the budget draft which would have the structure such that assets from JRUIO for the Bosnian state institutions financing instead of proposed 710.000.000 Bosnian Marks, would amount to 675.000.000 Bosnian Marks and total budget would amount to 1.186.357.560 Bosnian Marks, which was the earlier proposition by the Bosnian Council of Ministers.

The second conclusion stated that the structure of liabilities would incorporate the propositions of the Bosnian Presidency in the amounts designated by the Commission for financing and budget with the Bosnian Ministry of Finance and Vault as well as department ministries – Ministry of Human Rights and Refugees, Ministry of Civil Affairs and Ministry of External trade and Economic Relations

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