Reports on Government Finances Beginning as of Next Year

As a part of the effort to improve the macroeconomic statistics, the Central Bank of BH (CBBH) will start publishing reports on government finance for all levels of the government in BH beginning as of next year.

This will make possible a higher-quality macroeconomic analysis and the estimate of sustainability of the governmental fiscal policies. At the same time, the public will also be able to follow up with the development of the situation in the fiscal area.

Therefore, the Mission of the International Monetary Fund (IMF) has visited BH and worked on the establishment of the latest international standards for compiling and processing fiscal statistics.

During their visit, the Mission had the meetings with the representatives of the Ministry of Finance of BH, ministries of finance of both entities and statistical institutions, who all supported the establishment of the statistics of government finance. Discussions covered the problems of data compiling and introduction of the modern classification and agreements were reached related to the ways in which the ministries would be sending data to the CBBH.

The United States Agency for International Development (USAID) will also provide significant assistance in this project, which will enable electronic connection and transfer of data from the Treasury system.

The CBBH also organized a two-day specialist seminar on compiling of government finance statistics during which the representatives of ministries of finance of BH and both entities, statistical institutions and the CBBH learned about the international standards for compiling and distributing the fiscal statistics, as revised by the IMF in 2001.