BUSINESS

The Government of the Federation of BiH To allocate over 105 Million BAM for Economy

The Government of the Federation of BiH adopted the information of the Working Group in charge of drafting the Decree on targeted intervention measures in certain sectors of the FBiH economy in the circumstances of the COVID-19 pandemic.

The Government of FBiH is committed to, with the aim of faster and more efficient distribution of funds to end users, as well as greater opportunities to adapt measures to different sectors of the economy, instead of drafting a Regulation on targeted intervention measures in certain sectors of the FBiH economy in the circumstances adoption of the program of spending funds (for each ministry individually) in accordance with Article 37 of the Law on Execution of the FBiH Budget for 2021.

The Federal Ministry of Development, Entrepreneurship and Crafts, the Federal Ministry of Energy, Mining and Industry and the Federal Ministry of Agriculture, Water Management and Forestry have instructed the Government to allocate funds in the amount of 105,000,000 KM from the section and economic code – The Fund for Stabilization of the Economy, to the divisions of line ministries, submit a request for redistribution of funds to the Federal Ministry of Finance.

The Federal Ministry of Development, Entrepreneurship and Crafts will submit a request for the amount of 60,000,000 KM, the Federal Ministry of Energy, Mining and Industry for the amount of 30,000,000 KM and the Federal Ministry of Agriculture, Water Management and Forestry for the amount of 15,000,000 KM, it was announced from the FBiH Government Public Relations Office.

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