Deputy Prime Minister Vjekoslav Bevanda of Bosnia and Herzegovina
categories, such as war veterans, invalids and civilian victims of war.
53 percent from 2006, with most revenues or 1.
Bevanda had earlier warned about the unrealistic promises of support made to the socially underprivileged, particularly Brankoviæs promises to Bosnian war veterans, on the basis of which laws were adopted and payments increased that were not projected in the budget.
Finance Minister Vjekoslav Bevanda said the budget was balanced and mostly social, with more than 700 million marka or 40 percent allocated for social categories, such as war veterans, invalids and civilian victims of war.
Bevanda said the budget for 2008 was increased 10 percent from this year and 53 percent from 2006, with most revenues or 1.
There are no mechanisms in the FBiH budget for 2009 to confront the global economic crisis and its impact on the economy, FBiHs finance minister Vjekoslav Bevanda has asserted.
The Muslim-Croat federation, a Bosnia's other half, will revise down the 2008 budget, Federation Finance Minister Vjekoslav Bevanda said on Tuesday in Sarajevo.
Bevanda said the budget would be cut down to 1.
Bevanda said that his government has projected a draft budget of 1.
Back in the Federation, Finance Minister Vjekoslav Bevanda has warned that increased benefits could drain dry the entity budget by October and leave the Federation bankrupt.
This years budget of FBiH will be reduced by BAM 350 million, finance minister Vjekoslav Bevanda has announced.
It seems the announcement about smaller mandatory contribution payments in FBiH in 2009 will not realize, because, as finance minister Vjekoslav Bevanda has explained, a decision to reduce contributions without a serious analysis of the effect prior to that would cause a lot of problems for the Pension and Disability Insurance Fund (PIO.
The latest portion of benefits for war veterans paid on May 12 has left the two Bosnian entities with a budget crisis, FBiH Finance Minister Vjekoslav Bevanda said at a press conference.