Income drop in Canton Sarajevo over EUR 50 million

Sarajevo Canton, due to the epidemic of the corona virus, has recorded a fall in revenues, which is projected to amount to more than KM 100 million (UER 50 million) by the end of the year, said Cantonal Minister of Finance Jasmin Halebic.

At a press conference with the Government and the Civil Protection Staff of Sarajevo Canton, Halebic said that the cantonal government is today discussing a budget rebalance for this year.

– It is a budget that was adopted in early March, and its rebalance is a practically forced response to the pandemic of the corona virus and the related economic crisis that we are clearly entering – said Halebic.

He added that the rebalancing would take into account the fall in Canton revenue, but also include assistance from the IMF and the EU.

Halebic specified that because of the diminishing nature of Sarajevo Canton, cuts had to be made in almost all sectors, as well as in institutions, public companies and institutions founded by the Canton.

– The main priority of this rebalance is to support the economy of Sarajevo Canton. In this context, the number of persons in the Employment Service yesterday was 63,029, and today it has increased by 165 persons and amounts to 63,194 – said Halebić.

According to him, the budget rebalance does not envisage cuts in public sector salaries, education, health and the Ministry of Internal Affairs, as well as social benefits, some of which have been increased.

Biznisinfo.ba/ Balkantimes.press

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