Audit findings reveal that the deficit of Republika Srpska last year was actually 22 million marks higher than reported, totaling 320 million BAM. The Main Audit Service issued an Opinion with a reservation on the Consolidated Annual Report, highlighting discrepancies in financial reporting by the Government.
In addition to the deficit discrepancy, the audit identified failures in spending funds for public investments, with only 61 million out of 91 million justified. President of the NSRS Audit Committee, Mirjana Orašanin, emphasized the need for the Government to address savings and curb public fund consumption.
Economist Zoran Pavlović expressed concerns over the deficit covered by debt, emphasizing the need to address the unsustainable practice of accumulating unpaid bills and outstanding obligations. The deficit, if including debts incurred by local municipalities, would be even higher, reaching unacceptable levels.
The continuous cycle of deficit covering through debt raises alarms about financial sustainability. It is crucial for the Government to take necessary measures to manage and reduce deficit levels to ensure long-term financial stability.
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