Bosnia's public debt drops by six percent

NEWS 28.08.201814:42
Fena / Ilustracija

Bosnia and Herzegovina's public debt amounted to 11.3 billion of Bosnian marks (BAM) (cca EUR 5.77 billion) at the end of 2017, 69.17 percent of which was the foreign debt and 30.84 percent the internal debt, according to the state institutions' official data.

The larger of Bosnia's of entities, Federation of Bosnia and Herzegovina (FBiH), participates in the overall public debt with nearly BAM 6 billion (cca EUR 3 billion) or 52.28 percent while the part of Republika Srpska (RS), another entity, in the country's public debt is BAM 5.30 billion (cca EUR 2.7 billion) or 46.71 percent.

Brcko District's part in the Bosnia's public debt is 0.36 percent or some BAM 40 million, and the state institution's part amounts to BAM 74.23 million or 0.65 percent.

Compared to 2016, the overall public debt amount at the end of 2017 was reduced by 6.15 percent, where the foreign debt was lower by 8.14 and the internal debt by 1.38 percent.

Among the foreign creditors, the World Bank, the International Bank for Reconstruction and Development (IBRD) and the European Investment Bank (EIB) have the largest participation in structure of Bosnia's foreign debt, and are followed by the Paris Club creditors, the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD) and the European Commission.

The information on the country's public debt will be on agenda of the Bosnia's House of Representatives on September 4.

(EUR 1 = BAM 1.95)