Implementation of sustainable development concept is a task of the highest priority for numerous stakeholders in the global risk society. According to analyses of various documents, it is obvious that the number of risk is increasing. Disasters jeopardize human and material resources in every society, affect environment and on short or long run, interrupt its development. The question of how to determine the optimal financial framework necessary for disaster risk reduction measures in every sphere of sustainable development (economy, social, and environment) is particularly important for developing countries. Events of the past have proven the existence of need to raise awareness about the dangers of nature or human activity can bring on the entire community, and efforts to finding answers to the question how to make quality preparations for disaster risk reduction and to make the system of coordination and emergency management are initiated the development of this work. Using scientific methodology appropriate for the social sciences, it analyzes the foundations of the system of protection and rescue from natural or anthropogenic disasters in Bosnia and Herzegovina and briefly presents the basic indicators of substantial funding from the European Union to Bosnia and Herzegovina after the flood of 2014. At the same time work highlights the positive trends in the process of Bosnia and Herzegovina's full membership in the European Union.