Bosnia and Herzegovina: Technical Assistance Report-Report on Government Finance Statistics Technical Assistance Mission, (October 1-5, 2018)

International Monetary Fund

No 2019/104, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Assistance Report discusses details of the mission conducted to support the Bosnia and Herzegovina authorities, with a specific focus on the Republic of Srpska (RS), in improving government finance statistics (GFS) for decision making. The mission rounded off research to establish appropriate reconciliation procedures, although some statistical discrepancies remain. The goal is to use the compilation and reconciliation procedures for quarterly and annual GFS reporting to Eurostat and the IMF’s Statistics Department. The May 2018 mission initiated the development of a standardized compilation procedure for nonbudgetary public sector units, and more specifically extrabudgetary units. The report recommends focussing on investigating possibilities into incorporating these compilation files into the wider GFS and macroeconomic statistics compilation. On analysis of the financial statements, the mission assessed that Accrued revenues and received donations also require and adjustment to following the European System of National and Regional Accounts 2010 and Government Finance Statistics Manua 2014 recording.

Keywords: ISCR; CR; GFSM; financial statement; process; balance sheet; compilation process; balance sheet item; reconciliation process; concept GFS compilation file; c. balance sheet transaction; financial statement recording; GFS balance sheet; Financial statements; Government finance statistics; Public expenditure review; Chart of accounts; Public sector; Eastern Europe; Southern Europe (search for similar items in EconPapers)
Pages: 32
Date: 2019-04-17
New Economics Papers: this item is included in nep-mac
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