Bosnia and Herzegovina - From Aid Dependency to Fiscal Self-Reliance : A Public Expenditure and Institutional Review
Over the medium term, Bosnia and Herzegovina will go through a critical phase of fiscal adjustment and deeper economic reforms as it moves to orient its economy to the market and to increased integration with the rest of Europe. A key finding of th...
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| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/10/2031697/bosnia-herzegovina-aid-dependency-fiscal-self-reliance-public-expenditure-institutional-review http://hdl.handle.net/10986/15355 |
| Summary: | Over the medium term, Bosnia and
Herzegovina will go through a critical phase of fiscal
adjustment and deeper economic reforms as it moves to orient
its economy to the market and to increased integration with
the rest of Europe. A key finding of this report is that the
present size and scope of public spending cannot be
sustained. This report is aimed at helping the authorities
identify the priority fiscal policy and institutional issues
and reform options on which the medium-term adjustment
agenda will need to focus. The report is divided into five
chapters. Chapter 1 describes the evolving governance
framework and assesses its macroeconomic and fiscal stance.
Chapter 2 examines government spending. Chapter 3 looks at
present intergovernmental fiscal relations. Chapter 4
assesses public spending in the social sectors. Finally,
chapter 5 analyzes public expenditure management and
financial accountability systems. |
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