Fiscal Council of BIH Holds Its 9th Session

The Fiscal Council of Bosnia and Herzegovina held in Sarajevo its 9th session at which it considered and defined a proposal document Global Framework of Fiscal Balance and Policies in Bosnia and Herzegovina for 2018-2020 (GOFBP). 

GOFBP is a strategic document to analyse and forecast macroeconomic indices and tax revenues, based on which fiscal goals and policies are being created for a certain period of time. Under the adopted Global Framework, the BIH Institutions Budget and planned amount for financing of the BIH Institutions to be collected from indirect taxes remain at the same level as in previous years (KM 950/750 mil.)

Today’s session was chaired over by Dr Denis Zvizdić, Chairman of the Council of Ministers of BIH, who is also the Chairman of the Fiscal Council of BIH.

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