Croatia to build airport in Sibenik county
Bosnia's Federation sells 5 mln euro of 2-yr T-notes
Romania's OMV Petrom, Vulcangas to open LNG/CNG filling stations
Dronamics, Qatar Airways Cargo team up for drone services
Ryanair to launch operations at Sarajevo airport with 5 routes in 2024
Oct 10, 2007 10:31 EEST
October 10 (SeeNews) - The parliament of Bosnia’s Serb Republic has adopted a revised balanced budget for 2007, setting both revenue and spending targets 12.2% higher at 1.390 billion marka ($million/ million euro), public broadcaster RTRS reported on Wednesday.
The revised budget was adopted at a session of the National Assembly of the Serb Republic late on Tuesday, the region’s public broadcaster said.
The Serb Republic is one of the two autonomous parts forming war-divided Bosnia. The other is the Muslim-Croat Federation.
The Serb Republic government filed with parliament last month a revised balanced budget for 2007, setting both revenue and spending targets 10% higher at 1.375 billion marka.
The revision followed higher than planned revenue collected so far from indirect taxes, income tax and profit tax, the government has said.
The Serb Republic levied 128.5 million marka (or 15.4%) more than planned in indirect taxes, 15.1 million marka (or 14.2%) more in income tax and 14.9 million marka (or 29.6%) more in profit tax.
Under the revised draft, the government will increase spending for its health insurance fund, justice, culture and education and for the interior ministry.
In December last year, the parliament of the Serb Republic adopted a balanced budget for 2007. It set spending and revenue targets at 1.25 billion marka each, or 3.7% above the revised target levels for last year.
The Muslim-Croat Federation parliament adopted in April the region's budget for 2007 with a deficit of 28.9 million marka. The revenue target was set at 1,406.7 million marka, whereas the spending target was 1,435.6 million marka.
(1 euro = 1.95583 Bosnian marka)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options