Bosnia and Herzegovina: increase in budget to provide liquidity support to the most vulnerable sectors / activities

Submitted by cambrosio on Thu, 11/19/2020 - 15:29
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fbihvlada.gov.ba (16.10.2020)

The Government of the Federation of BiH adopted the Decree on Intervention Measures to Support Vulnerable Sectors of the FBiH Economy in the Circumstances of the COVID-19 Pandemic. The general objective is to provide liquidity support to the most vulnerable sectors / activities, to preserve jobs, and to provide urgently needed support and maintain competitiveness in export-oriented sectors. The total financial resources for the implementation of this regulation are provided in the FBiH Budget for 2020 in the amount of 90,000,000 KM and distributed to the departments of line ministries. Thus, the Federal Ministry of Environment and Tourism was allocated 30,000,000 KM to help the tourism and hospitality sector, the Federal Ministry of Transport and Communications 20,000,000 KM to help this sector, the Federal Ministry of Agriculture, Water Management and Forestry 10,000,000 KM to help agriculture and food industry, and the Federal Ministry of Energy, Mining and Industry 30,000,000 KM to assist export companies.

measures summary

The Government of the Federation of BiH adopted the Decree on Intervention Measures to Support Vulnerable Sectors of the FBiH Economy in the Circumstances of the COVID-19 Pandemic. The general objective is to provide liquidity support to the most vulnerable sectors / activities, to preserve jobs, and to provide urgently needed support and maintain competitiveness in export-oriented sectors. The total financial resources for the implementation of this regulation are provided in the FBiH Budget for 2020 in the amount of 90,000,000 KM and distributed to the departments of line ministries. Thus, the Federal Ministry of Environment and Tourism was allocated 30,000,000 KM to help the tourism and hospitality sector, the Federal Ministry of Transport and Communications 20,000,000 KM to help this sector, the Federal Ministry of Agriculture, Water Management and Forestry 10,000,000 KM to help agriculture and food industry, and the Federal Ministry of Energy, Mining and Industry 30,000,000 KM to assist export companies.

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