Republika Srpska has contracted investments exceeding two billion BAM and is financially stable, emphasized the President of Republika Srpska, Milorad Dodik, at a press conference in Banja Luka. Dodik highlighted that this will sustain its investment activity, which constitutes over 15 percent of the total budget of Republika, meaning that next year the level of secured business will be over two billion BAM, said Dodik.
As he added, Republika Srpska recorded an additional number of employed individuals this year. “Republika Srpska regularly fulfills all its obligations from the budget, despite constant efforts to declare a day each month when it is supposed to collapse. However, that will never happen,” emphasized Dodik.
According to Dodik, despite pressures, Republika Srpska is financially stable. “The total debt of Republika Srpska is 40 percent. European standards and criteria stipulate that public debt should not exceed 60 percent of GDP, while most EU countries have surpassed that framework, including Germany itself,” Dodik pointed out.
Dodik concluded that, despite such low indebtedness, Republika Srpska is carrying out all its investment activities. “In this year, Republika Srpska secured 500 million BAM more in investments than last year,” Dodik emphasized, as reported by RTRS.