CoM adopts Decision on temporary financing of institutions for July-September

CoM adopts Decision on temporary financing of institutions for July-September

SARAJEVO, June 30 (FENA) – At the proposal of the Ministry of Finance and Treasury, the Council of Ministers of BiH adopted a Decision on temporary financing of the institutions of Bosnia and Herzegovina and international obligations of BiH for the period July-September 2020.

This decision approves the temporary financing of BiH institutions for the third quarter of 2020 in the amount of 241,500,000 KM, which is a quarter of the funds approved for the financing of BiH institutions in accordance with the Law on Budget of Institutions of Bosnia and Herzegovina and international obligations of BiH for 2019.

The decision enters into force on the day of its adoption and will be published in the “Official Gazette of BiH”, and will be applied from July 1, 2020.

The decision will cease to be valid on the day of the adoption of the law on the budget of BiH institutions and BiH’s international obligations for 2020, CoM BiH announced.