Sarajevo Canton Spent 3 million KM more than it Earned

In the first five month of this year, Sarajevo Canton has spent more than it had earned. The expenditure was nearly 260 million KM, or three million KM more than the revenue according to a non-governmental organization the Centers of Civil Initiatives (CCI) after evaluating the activities of the canton’s government and its parliament for the first six months of this year. CCI warned that the budget was burdened with a new credit for capital projects of 26 million KM and that there the canton is constantly sued by the budget beneficiaries which also presents danger for the Canton’s liquidity.

SIPA revealed corruption and crime to the tune of around 3 million KM

State Investigation and Protection Agency (SIPA) has filed criminal reports with prosecutors regarding financial crime worth around 3 million KM. SIPA press release cites 38 reports in the first six months of this year against 169 individuals, 20 firms and one unknown person.

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