President Obama Proposes Cuts in Foreign Aid to Bosnia

President Obama's FY 2013 proposed budget allocation for Bosnia and Herzegovina (BiH) in 2013 is $40.85 million, a 9.2% decrease from last year.


In fiscal year 2012, $39 million went towards economic support, $1 million towards international military education and training and $5 million towards foreign military support equaling to a total of $45 million.


For the year 2013, President Obama requested $28.6 million for economic support, $1 million for international military education and training, $4.5 million for foreign military spending and $6.75 million for international law enforcement and narcotics control.   


In the 20 years since the end of the war, U.S. foreign aid has helped private enterprise in BiH by assisting businesses to restart operations – ensuring the employment of over 16,000 Bosnians. The aid has helped BiH implement a modern banking system, provided grants to micro-credit organizations, strengthen the rule of law, combat terrorism and it has helped to create BiH's first private independent television network, among other things.


ACBH Vice President Adna Karamehic-Oates expressed concern over the cuts in the proposed budget stating that "Bosnia in general has an alarmingly high unemployment rate and the youth unemployment rate in Bosnia is close to 60%. These cuts come at a time when Bosnia needs greater assistance, not less. The reduced economic support will have grave consequences for the citizens of BiH."