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Banking

FBiH collects KM 4.1bn revenues in Jan-Oct.

FBiH collects KM 4.1bn revenues in Jan-Oct. The FBiH government collected KM 4.1bn (EUR 2.1bn) worth of revenues in the first ten months of the year, representing 13.1% y/y growth, ONASA reported. Municipal, cantonal and federal budgets revenues grew by 12.9% y/y to KM 2.578bn, of which federal budget revenues totalled KM 836mn. Revenues from taxes, fees, fines and non-tax income amounted to KM 1.775bn in Jan-Oct, up by 21.7% y/y; tax revenue accounted for 37.1%-share (KM 658.8mn, of which indirect tax receipts totalled KM 617.3mn, while corporate income tax receipts reached KM 39.3mn, soaring by 43% y/y. Some 35% of overall revenues were directed to non-budgetary funds, pension disability funds and health insurance and employment bureaus in particular; the cantonal budgets received about 34% of overall revenues, the federal budget - 20%, while municipal budgets and others were given 11% of overall funds.

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