Обриси дисфункције управљања јавним дугом у Босни и Херцеговини
Traces of Disfunction in Managing Public Debt of Bosnia and Herzegovina

Summary/Abstract: Bosnia and Herzegovina has had systemic legal regulation relating to public debt since 1997. General statute passed on national level represented legal framework for statutes adopted on entity levels. Over time, entity statutes were subject to regulatory changes which, consequently led to greater disharmony between them, and at the same time, none of the required key by-laws at the national level were ever adopted. Furthermore, implementation of such statutory provisions resulted in suspending basic analytical procedures and procedures for monitoring external and internal debt functions. In such circumstances the function of public debt planning is virtually non-existent, and statutory provisions of Bosnia and Herzegovina and its entities relating to this matter emerge as polarized and existing parallelly. Such circumstances give rise to a multitude of disfunctional changes in the system of managing public debt which pose a serious threat to economic policies and development of Bosnia and Herzegovina as a whole. Current regime of debt management and existing system of project selection require urgent reevaluation, and subjective factors which contribute to preservation of such a disfuntional situation must be eliminated.

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