The 7th session of Committee on Finance and Budget of the Parliamentary Assembly’s HoR was held on Monday, 11 May 2015. In the beginning of the session, delegate Predrag KoĹľul was elected as the new Chairman of Committee. KoĹľul was elected as the new Chairman after the former Chairman of Committee Vjekoslav Bevanda had been appointed as the Minister of Finance and Treasury of BiH.
At the 7th session, the principles of Proposal of Law on budget for the BiH institutions and international obligations of BiH for 2015, suggested by the Presidency of BiH were supported. The Committee members expressed their dissatisfaction with the belated procedure of adopting the budget for 2015, while some members listed the elections of 2014 as a reason for the procedure being late. As a part of the Report on work of the Council of Ministers of BiH for 2014, the Committee adopted the Report on work of the Ministry of Finance and Treasury of BiH and the Public Procurement Agency of BiH for 2014.
The Annual report and Financial Report of the Central Bank of BiH for 2014 were adopted. In accordance with the Report of the Central Bank of BiH for 2014, the growth of GDP was 0.7%, in comparison with the former 1.7% which is an indicator of how bad weather influenced the economic growth in 2014. The inflation was negative -0.9%, that is, we only experienced deflation in BiH during 2014.