Bosnian House of Representatives approved a parliament commission’s rejection of a set of legislation acts that would unfreeze the country’s loan deal with the International Monetary Fund. The set of fuel excise duties laws, drafted by the national Council of Ministers, is now officially dead after the lawmakers in the lower house backed the negative opinion of the finance and budget commission.
The legislation in question would have bumped the fuel prices by 15 Bosnian pfening per liter. The government said the revenue would finance road construction, as agreed with the IMF.
The lawmakers who voted to approve the commission’s opinion criticized the laws for lacking mechanisms that would protect the farmers from higher fuel prices and said no analysis of the laws’ impact was made to support the legislation.
The new excise duties laws were supported by the ruling parties and the European Union’s envoy to Bosnia.