Monday, November 19, 2007

FBiH ENTITY GOVERNMENT DEFINES DRAFT BUDGET FOR 2008

SARAJEVO, Bosnia (November 19,2007) – The FBiH Entity Government has defined and forwarded into parliamentary procedure the Draft FBiH Entity Budget for 2008 and the Draft Law for the Implementation of the FBiH Entity Budget, the FBiH Entity Government stated.

The Draft Budget for 2008 totals 1,746,697,278 Bosnian Marks (1,308,377,674 US Dollars), which is 160,4 million Bosnian Marks or 10,1 percent more than the rebalanced budget for 2007.

The Draft Law for the Implementation of the FBiH Entity Budget defines priorities for the implementation of the Budget. It gives top priority to the repayment of interest rates and debt, following by transfers for benefits for disabled persons, veterans and civilian victims of war.

The third priority under this draft law is agriculture, and then refugees and displaced persons.

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