Bosnia and Herzegovina: Staff Report for the 2005 Article IV Consultations

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 199

Publication date: June 2005

ISBN: 9781451804898

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , government , council , government study , BiH Fiscal Council , State administration remuneration rate , State budget expenditure , EC mission , authorities' share , governments in Bosnia and Herzegovina , Budget planning and preparation , Fiscal stance

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Summary

Bosnia and Herzegovina’s 2005 Article IV Consultation reports that inflation has stabilized at industrial country rates, anchored by the currency board. About half of activity is accounted for by the private sector and banks have been almost completely privatized to nonresidents. The fiscal system, though fractured, has delivered a fiscal consolidation of 8 percentage points of GDP in four years, taking the balance to a deficit of 0.6 percent of GDP in 2004.