World Bank2013-08-262013-08-262002-10https://hdl.handle.net/10986/15355Over 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.en-USCC BY 3.0 IGOACCOUNTABILITYACCOUNTABILITY MECHANISMSADMINISTRATIVE REFORMSBUDGET EXECUTIONBUDGET MANAGEMENTBUDGET PROCESSBUDGETARY EXPENDITURESBUDGETARY FUNDSBUDGETARY RESOURCESCIVIL SERVICE REFORMSCOMMERCIAL BANKSCOMPARATIVE ANALYSISCORRUPTIONDEBTDEBT SERVICEDECISION-MAKINGDECISION-MAKING PROCESSDEFICIT FINANCINGEBFECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC POLICIESECONOMIC RECOVERYEVASIONEXECUTIONEXTRABUDGETARY FUNDSFEDERAL GOVERNMENTFEDERAL GOVERNMENTSFINANCIAL ACCOUNTABILITYFINANCIAL CONSTRAINTSFINANCIAL DISCIPLINEFINANCIAL SECTORFISCALFISCAL ADMINISTRATIONFISCAL DECENTRALIZATIONFISCAL DEFICITFISCAL DEFICITSFISCAL DISCIPLINEFISCAL POLICIESFISCAL POLICYFISCAL PRESSURESFISCAL STANCEFISCAL SUSTAINABILITYFOREIGN ASSISTANCEFOREIGN DIRECT INVESTMENTFOREIGN INVESTMENTFOREIGN TRADEGOVERNMENT BORROWINGGOVERNMENT EXPENDITURESGOVERNMENT FINANCEGOVERNMENT LEVELGOVERNMENT LEVELSGOVERNMENT SPENDINGGROSS DOMESTIC PRODUCTHUMAN RESOURCEIMPORTSINSURANCEINTERGOVERNMENTAL FISCAL RELATIONSINVESTMENT CLIMATELABOR FORCELEGAL FRAMEWORKLEGISLATIONLOCAL GOVERNMENTLOCAL GOVERNMENTSLOCAL REVENUEMACROECONOMIC STABILITYMARKET ECONOMIESMINISTRIES OF FINANCEMINISTRY OF FINANCEMUNICIPAL FINANCEMUNICIPAL REVENUESMUNICIPALITIESNATIONAL EXPENDITURESNATIONAL GOVERNMENTSPRESENT VALUEPRIVATE SECTORPROVISIONSPUBLIC ADMINISTRATIONPUBLIC ADMINISTRATION REFORMPUBLIC CONTROLPUBLIC EMPLOYMENTPUBLIC ENTERPRISESPUBLIC EXPENDITUREPUBLIC EXPENDITURE ANALYSISPUBLIC EXPENDITURE MANAGEMENTPUBLIC EXPENDITURESPUBLIC FINANCESPUBLIC HEALTHPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC PROCUREMENTPUBLIC RESOURCESPUBLIC SECTORPUBLIC SECTOR ACCOUNTINGPUBLIC SECTOR EMPLOYMENTPUBLIC SECTOR EXPENDITURESPUBLIC SECTOR WAGESPUBLIC SPENDINGPUBLIC UTILITIESRATIONALIZATIONREPUBLICSREVENUE CAPACITYREVENUE COLLECTIONRIGID WAGESSAVINGSSOCIAL ASSISTANCESOCIAL TRANSFERSSOCIAL WELFARESUBSIDIARITY PRINCIPLETAXTAX BURDENTAX COLLECTIONTAX RATESTAX REFORMSTAX REVENUESTAX SYSTEMTRANSPARENCYTREASURY AID DEPENDENCYPUBLIC EXPENDITURESMACROECONOMIC POLICYDECENTRALIZATIONGOVERNANCEFISCAL DEFICITSWAGESSUBSIDIESGOVERNMENT TRANSFER OF FUNDSPUBLIC SAFETYPENSION FUNDS FINANCEINTERGOVERNMENTAL TRANSFER OF FUNDSREVENUE SHARINGINTERGOVERNMENTAL FISCAL RELATIONSFISCAL POLICYSOCIAL SERVICESSOCIAL WELFARECHILD PROTECTIONSERVICE DELIVERYEDUCATIONAL FINANCINGHEALTH FINANCEBUDGET PROCESSPROCUREMENTAUDITINGADMINISTRATIVE REFORMSPOST-CONFLICT RECONSTRUCTIONBUDGET MANAGEMENTGOVERNMENT SPENDING POLICYWorld Bank10.1596/15355