Income from indirect taxes increased by BAM 187 million

Revenues from indirect taxes in the first two months of 2024 amounted to BAM 1 billion and 757 million and are higher by BAM 187 million or 11.9% compared to the same period in 2023 when they amounted to BAM 1 billion and 570 million.

After the ITA, in first two months of 2024, returned BAM 325 million of VAT refunds to the economy, the net collected revenues that were distributed to users in the first two months of 2024, namely the state, the entities and the District of Brčko, amounted to BAM 1 billion and 432 million and are higher by BAm 231 million compared to the income that users received from the Single Account for the same period in 2023.

Distribution of income in January-February 2024

An amount of BAM 167 million has been allocated for the financing of state institutions in the first two months of 2024. All surplus income from indirect taxes ended up in entity coffers and Brčko District. Thus, the Federation of BiH received BAM 772 million, the Republika Srpska BAM 431 million, and the Brčko District BAM 43 million.

In the table below, we present the total allocated funds to the entities and the District of Brčko BiH with the associated external debt in the first two months of 2024 compared to the same period last year. All amounts are expressed in millions of BAM.

In addition to the distributed income in the table above, based on the special toll for the construction of highways and the construction and reconstruction of other roads (BAM 0.25), the Federation of Bosnia and Herzegovina received an additional BAM 35.9 million, the Republika Srpska BAM 23.7 million and the Brčko District 1.2 million. The difference represents a reserve in a separate account for tolls in the amount of BAM 0.25.