BOSNIAN STATE BUDGET REDUCED BY 40 MILLION BOSNIAN MARKS

SARAJEVO, Bosnia (January 20,2008) - The Bosnian Government adopted a corrected state budget, which amounts to 1,186,357,560 Bosnian Marks, which is 5 million Bosnian Marks less than in the last version of the draft.

Bosnia's Prime Minister Nikola Spiric explained that the Bosnian State Government obtained the 5 million Bosnian Marks, by which the state budget was reduced, by a linear reduction of material costs of all users of the budget by 2.7 percent.

The state budget will be reduced by another 35 million Bosnian Marks, for the budget from the unique account of the Bosnian Tax Administration. Spiric pointed out that this kind of budget ensures constant financing of the Bosnian state institutions and the started reforms.

The Bosnian Government also obliged to ensure the additional funds for the implementation of the revised strategy on return.