public finances, public debt, World Bank, European Monetary Union, Bosnia and Herzegovina
Abstract:
The aim of this paper is to analyze the public debt of Bosnia and Herzegovina and identify potential problems in public debt management that may significantly jeopardize the fulfillment of basic functions of the state in the future. The World Bank’s criteria for analyzing the indebtedness of economies and the criteria of public finances for membership in the European Monetary Union are used as limits to the sustainability of public debt. In the research process, Methods of induction, deduction, analysis and synthesis, as well as comparisons and proofs are applied in the research process, all in order to support the set research hypothesis. The results show that the public debt of Bosnia and Herzegovina, according to the above-mentioned criteria, is formally within the set limits of the World Bank and the European Monetary Union. However, a problem exists in managing public borrowing, which is mainly aimed at meeting social needs and financing the administrative apparatus instead of productive investment.
Cite as:
Hodžić K, Merdić A and Osmančević E. (2021) Analysis of the public debt of Bosnia and Herzegovina. Quality 2021 (S.Brdarević, S. Jašarević, editors)”, ISSN 1512-9268, Neum, B&H, 17-19 June 2021., pp. 245-250
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