1 / 6

Frozen Foreign Currency Account

Frozen Foreign Currency Account. Fiscal Sustainability. Amendments to the Law on FFCA. Payout period being shortened from 13 years to 5 years; and Increase accrued interest from 1/2 % to between 5% - 13%. 5 Year versus 13 Year Payout. Effects of the Amendments.

jola
Download Presentation

Frozen Foreign Currency Account

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Frozen Foreign Currency Account Fiscal Sustainability

  2. Amendments to the Law on FFCA • Payout period being shortened from 13 years to 5 years; and • Increase accrued interest from 1/2 % to between 5% - 13%.

  3. 5 Year versus 13 Year Payout

  4. Effects of the Amendments • Raises the total cost to approximately KM 4.2 billion. • Increase by KM 1.8 billion or 78% in the amount to be paid. • Represents 26% of GDP.

  5. Neighboring Countries

  6. Put another way: • 1.8 billion KM= 3years of wages of all teachers in BiH or • Full year pension for BiH pensioners.

More Related