SARAJEVO, Bosnia (October 10,2008) - Nedžad Branković, Prime Minister of the FBIH entity and Vahid Hećo, the FBIH Entity Minister of Energy met with the delegation of the Iranian Markazy province headed by Ali Akbar Shaebani Fard Jahromi and discussed cooperation between two regions.
Zeničko-Dobojski Canton, with which Markazy province has already been cooperating, is the host to Iranian delegation.
Iranian province’s entrepreneurs participated at Zenica Fair Zeps. The meeting was an opportunity to consider cooperation in energy segment, metal industry, oil and gas industry, etc.
Branković used the opportunity to thank the Iranian people and its government for the help they offered to the Bosnian people during the 1992-1995 Serbian,Montenegrin and Croatian aggressions against Bosnia.
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Showing posts with label fbih entity. Show all posts
Showing posts with label fbih entity. Show all posts
Friday, October 10, 2008
Thursday, October 9, 2008
FBIH ENTITY TO CUT 2008 BUDGET
SARAJEVO, Bosnia (October 9,2008) - The government of The FBIH entity will revise down its 2008 budget of 1.76 billion Bosnian Marks (1.23 billion US Dollars) after increased revenues allowed for cutting, the FBIH Finance Minister Vjekoslav Bevanda said yesterday.
"The government will revise down the 2008 budget, the cuts will range from 200-400 million Bosnian Marks (100-200 million Euros)," Minister Bevanda said.
"The revised budget will represent a basis for the 2009 budget draft.Our macroeconomic projections showed that such a revised and reduced budget can be increased by only 3.6 percent next year," he added.
Bevanda has been long warning that the budget was overstretched by unrealistic welfare payments promised under a pre-election law in 2006. Now he said the revision was made possible thanks to increased revenues from indirect taxation.
The 2008 budget was mostly social, with more than 700 million Bosnian Marks or 40 percent allocated for social categories, such as war veterans, invalids and civilian victims.
The fiscal system has become threatened by payments after the number of beneficiaries had risen to around 85,000 earlier this year. After inspections, their number fell to some 65,000.
Bevanda said he expected the FBIH entity to record fiscal deficit in 2008 but failed to provide details.
"The government will revise down the 2008 budget, the cuts will range from 200-400 million Bosnian Marks (100-200 million Euros)," Minister Bevanda said.
"The revised budget will represent a basis for the 2009 budget draft.Our macroeconomic projections showed that such a revised and reduced budget can be increased by only 3.6 percent next year," he added.
Bevanda has been long warning that the budget was overstretched by unrealistic welfare payments promised under a pre-election law in 2006. Now he said the revision was made possible thanks to increased revenues from indirect taxation.
The 2008 budget was mostly social, with more than 700 million Bosnian Marks or 40 percent allocated for social categories, such as war veterans, invalids and civilian victims.
The fiscal system has become threatened by payments after the number of beneficiaries had risen to around 85,000 earlier this year. After inspections, their number fell to some 65,000.
Bevanda said he expected the FBIH entity to record fiscal deficit in 2008 but failed to provide details.
Tuesday, October 7, 2008
FBIH ENTITY TO ESTABLISH A FISCAL COUNCIL
SARAJEVO, Bosnia (October 7,2008) - The FBIH entity government and all ten cantons in this Bosnian region will revise their budgets for the current year because of revenues that have been smaller than forecast.
The revised budgets will serve as a basis for the 2009 budgets, it was concluded in the Bosnian capital Sarajevo yesterday.
A government release issued afterwards states that a fiscal council would be established in the FBiH entity, both to coordinate fiscal activities in the entity and to define its positions within the Bosnian State Fiscal Council. Through that body, a single budget for the FBiH entity should be defined.
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The revised budgets will serve as a basis for the 2009 budgets, it was concluded in the Bosnian capital Sarajevo yesterday.
A government release issued afterwards states that a fiscal council would be established in the FBiH entity, both to coordinate fiscal activities in the entity and to define its positions within the Bosnian State Fiscal Council. Through that body, a single budget for the FBiH entity should be defined.
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