New Economic And Fiscal Policy Guidelines From 2022 To 2024

• Published date: 10 November 2021
• Subject Matter: Government, Public Sector, Fiscal & Monetary Policy
• Law Firm: Eurofast
• Author: Ms Slavica Zeljkovic

The Government of the Federation of BiH, at its session held on June 3, 2021 adopted the Guidelines for Economic and Fiscal Policy of the FBiH for the period 2022 to 2024.

In the 2016-2019 period, the Federation of BiH recorded an increase at an average rate of 3,2% the macroeconomic framework for the FBiH. In 2020, due to the health (Covid) crisis, the real decline estimated at 4,4%, and in 2021 the recovery and growth of the FBiH economy is expected at 2,8%, similarly to the pre-pandemic period.

Officially published data on the volume of industry in the FBiH for the first quarter of 2021 indicate a 5,9% gradual recovery of this area. In the third month, growth was achieved in all areas of production, especially in the production of capital and durable consumer goods and intermediate goods.

From 2021 to 2024, GDP growth in the Federation of BiH is expected at rates of 4,7%, 6%, 7,1% and 7,4%, respectively.

For 2021, a slight increase in revenue collection of 0,83% is forecast, and in 2022 a significant increase of 3,89% is expected; for the period 2023 and 2024, stable growth will...