Bosnia and Herzegovina BiH 2023

I. Budget reliability
Scores by Dimension
Overall Indicator Score
Indicator
1. Aggregate expenditure outturn
B
Indicator
1.1 Aggregate expenditure outturn
B
2. Expenditure composition outturn
C+
Indicator
2.1 Expenditure composition outturn by function
B
2.2 Expenditure composition outturn by economic type
C
2.3 Expenditure from contingency reserves
A
3. Revenue outturn
B+
Indicator
3.1 Aggregate revenue outturn
A
3.2 Revenue composition outturn
B
II. Transparency of public finances
Scores by Dimension
Overall Indicator Score
Indicator
4. Budget classification
B
Indicator
4.1 Budget classification
B
5. Budget documentation
C
Indicator
5.1 Budget documentation
C
6. Central government operations outside financial reports
A
Indicator
6.1 Expenditure outside financial reports
A
6.2 Revenue outside financial reports
A
6.3 Financial reports of extrabudgetary units
NA
7. Transfers to subnational governments
NA
Indicator
7.1 System for allocating transfers
NA
7.2 Timeliness of information on transfers
NA
8. Performance information for service delivery
C
Indicator
8.1 Performance plans for service delivery
C
8.2 Performance achieved for service delivery
D
8.3 Resources received by service delivery units
A
8.4 Performance evaluation for service delivery
D
9. Public access to fiscal information
D
Indicator
9.1 Public access to fiscal information
D
III. Management of assets and liabilities
Scores by Dimension
Overall Indicator Score
Indicator
10. Fiscal risk reporting
C+
Indicator
10.1 Monitoring of public corporations
D
10.2 Monitoring of subnational governments
NA
10.3 Contingent liabilities and other fiscal risks
A
11. Public investment management
D
Indicator
11.1 Economic analysis of investment proposals
D
11.2 Investment project selection
D
11.3 Investment project costing
C
11.4 Investment project monitoring
D
12. Public asset management
C
Indicator
12.1 Financial asset monitoring
C
12.2 Nonfinancial asset monitoring
C
12.3 Transparency of asset disposal
C
13. Debt management
B+
Indicator
13.1 Recording and reporting of debt and guarantees
B
13.2 Approval of debt and guarantees
A
13.3 Debt management strategy
B
IV. Policy-based fiscal strategy and budgeting
Scores by Dimension
Overall Indicator Score
Indicator
14. Macroeconomic and fiscal forecasting
D+
Indicator
14.1 Macroeconomic forecasts
D
14.2 Fiscal forecasts
D
14.3 Macrofiscal sensitivity analysis
C
15. Fiscal strategy
D+
Indicator
15.1 Fiscal impact of policy proposals
D*
15.2 Fiscal strategy adoption
C
15.3 Reporting on fiscal outcomes
D
16. Medium-term perspective in expenditure budgeting
D+
Indicator
16.1 Medium-term expenditure estimates
B
16.2 Medium-term expenditure ceilings
D
16.3 Alignment of strategic plans and medium-term budgets
D
16.4 Consistency of budgets with previous year’s estimates
D
17. Budget preparation process
D+
Indicator
17.1 Budget calendar
D
17.2 Guidance on budget preparation
C
17.3 Budget submission to the legislature
D
18. Legislative scrutiny of budgets
D
Indicator
18.1 Scope of budget scrutiny
D
18.2 Legislative procedures for budget scrutiny
D
18.3 Timing of budget approval
D
18.4 Rules for budget adjustment by the executive
B
V. Predictability and control in budget execution
Scores by Dimension
Overall Indicator Score
Indicator
19. Revenue administration
B
Indicator
19.1 Rights and obligations for revenue measures
A
19.2 Revenue risk management
A
19.3 Revenue audit and investigation
C
19.4 Revenue arrears monitoring
D
20. Accounting for revenue
A
Indicator
20.1 Information on revenue collections
A
20.2 Transfer of revenue collections
A
20.3 Revenue accounts reconciliation
A
21. Predictability of in-year resource allocation
B+
Indicator
21.1 Consolidation of cash balances
B
21.2 Cash forecasting and monitoring
A
21.3 Information on commitment ceilings
C
21.4 Significance of in-year budget adjustments
A
22. Expenditure arrears
A
Indicator
22.1 Stock of expenditure arrears
A
22.2 Expenditure arrears monitoring
A
23. Payroll controls
C+
Indicator
23.1 Integration of payroll and personnel records
B
23.2 Management of payroll changes
A
23.3 Internal control of payroll
C
23.4 Payroll audit
A
24. Procurement
C+
Indicator
24.1 Procurement monitoring
B
24.2 Procurement methods
C
24.3 Public access to procurement information
C
24.4 Procurement complaints management
C
25. Internal controls on nonsalary expenditure
A
Indicator
25.1 Segregation of duties
A
25.2 Effectiveness of expenditure commitment controls
A
25.3 Compliance with payment rules and procedures
A
26. Internal audit
C+
Indicator
26.1 Coverage of internal audit
B
26.2 Nature of audits and standards applied
B
26.3 Implementation of internal audits and reporting
A
26.4 Response to internal audits
C
VI. Accounting and reporting
Scores by Dimension
Overall Indicator Score
Indicator
27. Financial data integrity
A
Indicator
27.1 Bank account reconciliation
A
27.2 Suspense accounts
NA
27.3 Advance accounts
A
27.4 Financial data integrity processes
B
28. In-year budget reports
D+
Indicator
28.1 Coverage and comparability of reports
A
28.2 Timing of in-year budget reports
D
28.3 Accuracy of in-year budget reports
C
29. Annual financial reports
D+
Indicator
29.1 Completeness of annual financial reports
A
29.2 Submission of reports for external audit
C
29.3 Accounting standards
D
VII. External scrutiny and audit
Scores by Dimension
Overall Indicator Score
Indicator
30. External audit
C+
Indicator
30.1 Audit coverage and standards
A
30.2 Submission of audit reports to the legislature
A
30.3 External audit follow-up
C
30.4 Supreme Audit Institution independence
A
31. Legislative scrutiny of audit reports
C+
Indicator
31.1 Timing of audit report scrutiny
C
31.2 Hearings on audit findings
A
31.3 Recommendations on audit by the legislature
C
31.4 Transparency of legislative scrutiny of audit reports
C
Assessment
Bosnia and Herzegovina BiH 2023
Country
Bosnia and Herzegovina
Region
Europe & Central Asia
Lead Agencies
EU, Government
Report Date
Year
Framework
2016 Framework
Access
Public
Type
National
Status
Final
PEFA Check
Yes
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