To survive, the citizens of Bosnia and Herzegovina are increasingly in consumer debt. Of the total debt, which amounts to more than seven billion marks, no less than 75% relates to loans for general consumption.
And while economic experts offer solutions to alleviate the crisis, the government is silent.
“We are starting to live on credit. With this sentence, most citizens describe simple survival due to daily rising prices and low incomes.
According to data from the Central Bank, more than seven billion BAM represents the indebtedness of the people of our country for aimless loans. And almost every adult citizen owes more than three thousand BAM to commercial banks.
Vesna Papic, Financial Stability Department of the Central Bank of Bosnia and Herzegovina
“According to data from Entity Banking Agencies, at the end of the third quarter, the indebtedness of citizens is around BAM 7.7 billion. In the total loans, these loans represent about 75%. The appointment of these loans is not surprising, they often use these loans to meet housing needs. ”
It is estimated that one in six households in our country is poor. To survive, most try to find additional employment.
Dusan Srdic, Consumer Protection Association “Reakcija”, Banja Luka
“If we take into account that two employees in a family of four work at the lowest labor cost, if we take into account that 40% of the consumer’s basket is spent on food, it is really a lot and other aspects of this shopping cart consumer suffer.
It takes a lot to get out of this situation. Economic experts offer solutions, including the suspension of the payment of excise duties on fuel. This, they say, would have a significant impact on reducing the cost of transporting the goods and food we buy.
Zoran Pavlovic, economic expert
“The most difficult thing in the whole story is that the government does not care about investments or projects that can lead to employment, both at the entity level and at the level of Bosnia and Herzegovina. We have no protection of domestic production, mainly agricultural at harvest time, we have no incentives for people who want to produce their own food. ”
Vjekoslav Domljan, economic expert
“The problem is that there are no instruments. There is no monetary policy at the national level. There is no exchange policy. There is tax policy. What is the tax policy? He is divided. At State level, indirect taxes are VAT, customs duties, excise duties in the case of the Federation and the cantons. It therefore remains a fragmented, uncoordinated instrument. So how about a green branch? ”
Most politicians are silent. They are good with a salary eight times higher than the average salary of citizens, which is not the case anywhere in Europe.