Bosnia's Council of Ministers adopted the state budget for 2020, Finance Minister Vjekoslav Bevanda told the reporters following the Council's session on Thursday.

After months of delay, the state ministers agreed on the adoption of the state budget that stipulates 4.2 million marks (approx. 2.1 million Euro) for the local elections set to take place later this year.

According to Bosnia's Election Law, the local elections are partly funded by the state budget (50%), while the rest (50%) is earmarked in the budgets of local communities in Bosnia and Herzegovina.

The Central Election Commission initially scheduled the local vote for October 4, but had to postpone it for November 15 as the funding was uncertain at that moment.