SARAJEVO, March 6 (FENA) – The Social Democratic Party of Bosnia and Herzegovina (SDP BiH) calls on BiH parliamentarians to support their proposal to abolish excise tax on fuel.
Due to the dramatic increase in fuel prices, and consequently all essential necessities and groceries, the SDP BiH caucus submitted the amendments to the Law on Excise Tax to the BiH Parliamentary Assembly ten days ago, asking for a reduction of fuel price by 30-45 pfennigs (0.30-0.45 KM) per liter.
The SDP BiH points out that the effect of this measure would be immediately felt by a chain reduction of prices, and that the impact on the already poor standard of living of the population would be quick and efficient.
“Unfortunately, due to the deteriorating political situation on a global scale, prices are ‘going wild’ day by day. The trend of rising energy prices will not stop soon, which will have severe consequences for our economy as a whole,” it is said in a statement.
In order to help citizens and the economy in times of rising inflation, SDP BiH proposes to change Article 17 of the law so that the amount of excise tax is zero KM, and reminds that BiH charges several types of excise taxes and fuel tolls.
“Our intention is to abolish excise tax on all types of fuel. It is a tax burden that does not have a clear purpose, but the money collected goes directly to the budget spending,” underlined the SDP.
According to this political party, if the collection of excise tax on fuel was abolished, then the retail price for fuel would be lower by 0.30 KM to 0.45 KM.
Furthermore, they believe that such a reduction can significantly mitigate the negative economic consequences that come in the coming period.
“We do not want to abolish tolls for motorways and roads, which are mostly directed to specially opened sub-accounts. These revenues serve as a cover for obtaining financial resources from the partner institutions of the European Union,” it is stated.
The SDP BiH, therefore, calls on all MPs in the BiH Parliamentary Assembly to act in the interest of the citizens on March 9 and vote for their proposal to abolish excise tax on fuel.
