BOSNIAN GOVERNMENT FISCAL SURPLUS WAS 278 MILLION BOSNIAN MARKS IN 2007

SARAJEVO, Bosnia (July 4,2008) - The Bosnian Central Bank released yesterday the regular annual report about the Bosnian government finances. The consolidated fiscal surplus in 2007 was 278 million Bosnian Marks, which is 1.3 per cent of the GDP.

Although 2007 saw a worsening financial situation for Bosnia, because the net surplus was almost half the 2006 surplus, current revenue was higher than current spending and public investments.

Spending was growing at the annual rate of 17 per cent, while consolidated revenues increased by 15 per cent in 2007, and totalled 9.83 billion Bosnian Marks. Public investments were significantly up (by 53 per cent), and reached 746 million Bosnian Marks.
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