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Press release following the 136th session of the Government of Republic of Srpska

Објављено:

The Government of Republic of Srpska approved during its 136th session, the 2021 Adjusted Budget of Republic of Srpska which framework is BAM 4,016 million (four billion 16 million), which is an increase of 221 million or 5.8% more than the 2021 planned Budget. The budget adjustment is based on a faster recovery of economic activities than expected, which had a positive impact on the current execution of budget revenues as well as continuation of trends expected by the end of 2021.

According to the proposal of the Adjusted Budget, tax revenues amount to 2,825.2 million and are higher than planned by 9.2%. When compared to 2020, the revenues increased by 9.5% and compared to the execution in 2019 by 7.4%. Income and profit taxes grew by 3.1% as planned in 2021, and by 1.3% compared to the execution in 2019 before the outbreak of the pandemic which indicate economic recovery.

The Pension and Disability Insurance Fund achieved a growth of 6.6% compared to the plan of the 2021 Budget Plan and compared to the execution in 2019, it is an increase of 13.4%.

As for revenues from indirect taxes, the Adjusted Budget Proposal planned the amount of 1,409 million, which is an increase of 13.2% compared to the funds planned in the 2021 Budget and compared to 2019, represents an increase of 6.4%.

​Non-tax revenues in the Proposal of the Adjusted Budget of Republic of Srpska for 2021 amount to 436.6 million, which is an increase of 216.9 million or 98.8% compared to the funds planned by the 2021 Budget.

It is necessary to point out that the Adjusted Budget also includes the funds that were paid to the Republic of Srpska on the basis of the allocation of special drawing rights (SDR) from the International Monetary Fund (IMF), in the amount of BAM 200.8 million.

Total budget expenditures and expenses, including debt repayment for 2021, amount to 4,016 million KM, which is an increase of 221 million KM, or 5.8% compared to the funds planned in the budget for 2021.

In the Adjusted Budget Proposal, the expenditures for personal incomes have been increased by 13.7 million or 1.6% in relation to the planned budget for 2021 and amount to 864.8 million.  The increase is primarily the result of changes to the set of laws on salaries for members of the Ministry of Interior, education and judicial institutions, which were adopted within the series of measures by the Government of Republic of Srpska and contribute to economic growth and increase of workers' salaries.

On the expenditures side, it is proposed to increase expenditures for pension and disability insurance, namely 11 million for the increase of pensions and 19 million for the payment of one-time assistance to pensioners in the Republic of Srpska.

It is also proposed to increase payments on the account of social protection, personal, family and civil disability benefits, social protection, veterans' allowance, health care for veterans,invalids of war, families of fallen soldiers and civilian victims of war by 21.8 million or 9.2% more than planned.

The Adjusted Budget also plans to increase expenditures for the Compensation Fund in the amount of 30 million.

Subsidies for the economy have increased by 7.7 million, while the grant for the Ministry of Health of Republic of Srpska amounts to 11.5 million while capital investments and public investments amount to 100.7 million.

According to the 2021 Budget of the Republic of Srpska, it had been planned to borrow 845.7 million and the Adjusted Budget proposes that 636 million should be borrowed which is less by 210 million KM.

Expenditures for the repayment of the by the new Budget for 2021 amount to 567 million, which means that the net indebtedness is 69 million, and it was planned at the beginning of the year 279 million KM.

The budget deficit in 2021 had been planned in the amount of 326.6 million which was reduced to 115.8 million by the new 2021 Budget Adjustment Proposal.

The Government of Republic of Srpska passed the Decision on approving funds for social welfare of workers in the amount of 1,159,841.45. These funds will be used for full and partial payment of contributions for pension and disability insurance for 467 workers from 37 companies who lost their jobs in the process of bankruptcy or liquidation of companies they worked in.

The Government of Republic of Srpska adopted the Information on the need to hire and finance teaching assistants for students with disabilities in 2022. The Ministry of Education and Culture, in cooperation with the Pedagogical Institute, implements inclusion in schools in the Republic of Srpska so that children with learning difficulties and specific educational needs are included in regular classes in primary schools.

The upbringing and education of students with disabilities is carried out in regular schools (inclusion) or primary schools for children with disabilities. In Republic of Srpska, there are four schools for children with disabilities which are intended mainly for children with severe disabilities who get professional and daily care and rehabilitation in those facilities. The enrollment area of ​​such schools is the entire Republic and they provide accommodation and meals for students who come from other local self-government units.

There are also special classes for students with serious disabilities in 20 primary schools, and it has been noticed that the number of students with disabilities is increasing year after year.

The Ministry of Education and Culture implements the concept of inclusion in order to facilitate better and provide more accessible education for students with disabilities since 2010 and provides funds for teaching assistants whose engagement is since 2017 defined by law.

The Ministry has so far received 418 requests for financing teaching assistants in the school year 2021/2022. For 392 students, first-instance expert commission approved the necessity for hiring of teaching assistants. The Ministry of Education and Culture and the Ministry of Finance shall provide funds for engagement of teaching assistants for the period January-December 2022 in the amount of BAM 2,200,000.00.

The Government of the Republic of Srpska has accepted the Information on allocation of financial resources to undeveloped local government units for 2020.

The Budget of the Republic of Srpska for 2020 had planned transfers to undeveloped municipalities in the amount of BAM 3,300,000.00 out of which 300,000.00 was intended for co-financing of projects in those municipalities.

The goal of co-financing projects of local self-government units from these funds is to supplement their own sources of project financing, in the process of approved financial resources with domestic and international organizations, domestic and foreign investment funds that finance local self-government unit projects.

Local self-government units submitted a report on the use of funds with relevant documentation. Based on the analysis of the submitted documentation, the Ministry determined that a number of local self-government units directed more funds for social benefits than originally planned, in order to mitigate the negative consequences caused by the outbreak of the COVID-19 pandemic.

After considering the Information on the proposal for co-financing of projects, the Government passed a Decision on giving consent to the Fund for Environmental Protection and Energy Efficiency of Republic of Srpska to support financially in the total amount of BAM 1,600,000.00, that is, co-finance projects related to improving the quality of water management, construction of water supply and sanitation infrastructure in local self-government units, procurement of equipment for better waste management by utility companies, for raising energy efficiency measures, maintenance of meteorological, hydrological and control air quality stations. Funds for implementation of this decision will be provided by the Fund in accordance with its Work Plan and the Financial Plan for 2021.

This Decision was preceded by a session of the Management Board of the Fund for Environmental Protection and Energy Efficiency of the Republic of Srpska, at which it was stated that the projects covered by this decision fully meet the requirements of the Rulebook on the manner and criteria for allocation of funds and criteria for evaluating proposals. Funds of the Fund for Environmental Protection and Energy Efficiency of the Republic of Srpska and must be in accordance with the 2021 Work Plan and Financial Plan of the Fund for Environmental Protection and Energy Efficiency of the Republic of Srpska. 



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