Organizacija fiskalne politike na nivou Bosne i Hercegovine
The organization of fiscal policy at the level of Bosnia and Herzegovina

Summary/Abstract: Organization of fiscal policy in B&H is inherently a political issue, as the case with other countries, and not just a financial issue. It has a special dimension in BiH because here it additionally involves ethnic criteria. Fiscal policy being effected and implemented at the State level is determined and limited by the Dayton constitutional makeup of Bosnia and Herzegovina. The existence of State-level institutions responsible for fiscal policy in Bosnia and Herzegovina, on its own, does not mean that they have a decisive influence on the creation, implementation and monitoring of fiscal policy, that is, that those institutions have safeguards for the prevention of institutional and operational blockades that occur in the field of fiscal policy as an inherently complex and a complicated system. However, it is clear that there are no perfect or universal rules or equivalent institutions for conducting a fiscal policy in a given country, and they always have national identification, namely they vary or from state to state. B&H, as well as any other country, must find a proper formula that will enable control over the fiscal policy, allowing for the sustainability and economic development of society as a whole. The elements presented in this analysis are but the skeleton framework within which one must look for such a formula.

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