Deputy Minister of Finance and Treasury of Bosnia and Herzegovina Muhamed Hasanović commented on the “Viaduct” case, a more accurate loan for the payment of this debt.
As he has previously pointed out, the only right for the temporary financing of the BiH Airways in the Air Navigation Agency (Bhansa) is clearly prescribed by Article 11. paragraph (5) of the Law on Financing of the Institutions of Bosnia and Herzegovina.
“Based on this, I consider the supplemented, in the end and the adopted decisions, which would be temporarily funded by BiH’s institutions in 2025. year. Adoption of funds from the main budget account would be recorded as a loan in the budget position ‘Other Delimitation ‘, deliberately avoiding recording funds as an expenditure, “he stated.
It is important to emphasize, it is considered that the Law on Financing BiH institutions does not know or treat the term loan that opens additional questions of the fiscal responsibility of such access.
“For this reason, I think that it should be insisted on the implementation of existing legal mechanisms, which would be made available through the position of ‘direct transfers’ from the Budget of BiH institutions and the BiH Ministry of Finance and Treasury would prepare instructions on how Records of realized funds in accordance with the final arbitration of the ICSID tribunal in Washington. In this way, a legal, responsible and functional decision allows the uninterrupted operation of BHANSA, and of course, all in accordance with the international obligations and financial stability, “he said.
The adopted decision was not resolved the essential issue nor was the systemic and legally sustainable solution reached, he believes.
“Instead, new, unnecessary problems are opened and further complicated by applying the previously described, legally identified, which was forwarded to the Presidency of BiH for further corrections and decision-making, and contains a plan for the use of the Central Bank of Bosnia Herzegovina for the payment of individual liabilities – Specifically payments according to the company ‘Viaduct’, he says.
Hasanović recalls that he has previously pointed to the risk of using the BiH Central Bank in accordance with the law, especially when they could read that the Central Bank of BiH, suspended the payment of profits to protect their own financial stability.
“Central Bank Revenues are not fiscal resources and cannot be used to cover debts or out-of-the-move in the institutional independence of BiH. The budgets are required to be legally defined for the entire country – and not for ad hoc payments without an appropriate legal basis,” he concludes.
The Council of Ministers of Bosnia and Herzegovina adopted the Finance Minister Srdjan Amidžić to take 200 million KM from paying the debt “Viaduct”, however, not to give their money available, writes Clix
