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Nov 23, 2017 11:44 EEST
SARAJEVO (Bosnia and Herzegovina), November 23 (SeeNews) – Bosnia's state-level government said it has approved a draft budget of state institutions for next year which foresees revenues of 950 million euro ($575.1 million/485.7 million euro), unchanged from 2017.
The draft budget bill also foresees revenues for external debt servicing in the amount of 1.0 billion marka in 2018, down 7.1% year-on-year, the government said on Thursday.
The state-level government budget is now subject to approval by the country's parliament.
Bosnia is made up of two entities, the Serb Republic and the Federation. The two parts have separate budgets, while the state-level government and institutions have their own budget.
In September last year, the IMF approved a three-year 553.3 million euro loan ($648.2 million) to Bosnia to support the country's economic reform agenda. However, the IMF delayed the release of the second loan tranche in May, after the Bosnian authorities failed to meet the agreed reform targets.
(1 euro=1.95583 marka)
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