Финансирање институција Босне и Херцеговине
Financing of the Institutions of Bosnia and Herzegovina

Author(s): Đorđe Marilović
Subject(s): Social Sciences, Law, Constitution, Jurisprudence, Public Finances, Fiscal Politics / Budgeting
Published by: Правни факултет Универзитета у Источном Сарајеву
Keywords: Finincing; Institutions of Bosnia and Herzegovina; Grants; Contributions; Agreement; Constitutional Power Transfer; Indirect taxes;
Summary/Abstract: The aim of this paper is to analyze the development of financing of the institutions of Bosnia and Herzegovina over the past 25 years, primarily through the study of previously unpublished legal sources and documents crucial to the 2003 reform of the B&H institutions’ funding. Since 1995, the financing of B&H institutions had been based on the entity grant/contribution principle, which has later been modified by the conclusion of the 2003 Agreement on Responsibilities in the Field of Indirect Taxation. The Agreement has never been published, and it was only after receiving the text that it was officially made possible to review it in this paper.The author considers financing of the B&H institutions in the context of the goals and hypotheses of the Project “Constitutionalization of Bosnia and Herzegovina”, primarily those related to the organization of B&H and the revision of the B&H Constitution. The changes concerning financing of the B&H institutions were carried out under strong external political pressure. Nevertheless, consensual decision-making made a significant impact on these changes, which is reflected not only in the agreed transfer of responsibilities in the field of indirect taxation, but also in the harmonization of fiscal policies in B&H through the work of the Fiscal Council of Bosnia and Herzegovina. By analyzing the emergence of the present-day financing system of B&H institutions, the author sheds light on issues related to new financial policy makers in relation to the original fiscal and budgetary policy makers in B&H, and seeks to provide a thorough understanding of institutes that may be key to future research in other fields, such as economic theory of fiscal federalism.

• Details
• Contents