Without the adoption of a revised budget in the municipal assemblies in northern Kosovo, the Ministry of Finance in Pristina will not allow the use of funds belonging to the municipalities, was said from the ministry.
Article 62, paragraph 5 of the Law on Public Financial Management stipulates that if the Municipal Assembly fails to adopt a budget for the new fiscal year and fails to submit it to the Minister by March 1st, then it cannot execute any transaction on behalf of the municipality. Such a state will remain in power as long Municipal Assembly adopt the budget and submit it to the Minister, was said from the Department of Media Relations of the Ministry of Finance.
Four municipalities have adopted budgets in the amount of about 70 million, while according to the regulations they had a right for a little over eight million.
The Law on Public Financial Management stipulates that the government grant for municipalities is 10 per cent of the total budget of Kosovo, which is 168 million euros for funding all municipalities in Kosovo. Kosovo budget is 1.682 billion euros. Pristina claims that four municipalities in north sought about 47 per cent of the budget, earmarked for all 33 municipalities in Kosovo.
