POLITICS

Federal Parliament adopts Budget for Next Year

 

The Federation of Bosnia and Herzegovina’s adopted a budget in the amount of 4.954.392.401 BAM which will enter into force after the document is published in the Official Gazette.

The House of Peoples of the Federal Parliament has adopted the budget for 2020 after it was adopted in the House of Representatives of Federal Parliament.

Compared to 2019, the adopted budget is higher by 83 percent or 2.25 billion BAM, and the main reason for the increase is the integration of the Federal Institute for Pension and Disability Insurance (PIO Institute) into the Federal budget, whose financial plan for 2020 amounts to about 2.4 billion BAM, according to Federal News Agency.

 

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