Budgetary responses to a global pandemic in Bosnia and Herzegovina
Bibliographic Data
| ID | 20201862 |
|---|---|
| Authors | Jelena Poljašević (0000-0002-6891-4875, University of Banja Luka, corresponding author), Josipa Grbavac (University of Mostar), Dragan Mikerević (University of Banja Luka) |
| Year | 2020 |
| Volume | 32 |
| Issue | 5 |
| Pages | 949-956 |
| Publication date | 2020-10-02 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Public Budgeting Accounting & Financial Management (JOURNAL) |
| Journal identifiers | ISSN: 1096-3367 • E-ISSN: 1945-1814 |
| Publisher | Emerald (PUBLISHER) |
| DOI | 10.1108/jpbafm-07-2020-0114 |
| OpenAlex | W3090461966 |
| Language | EN |
| Citations received | 1 |
| References cited | 8 |
Purpose The purpose of this research is to show the impact of the pandemic on the budget of Bosnia and Herzegovina (BiH) as a developing country. It also aims to give an answer as to how BiH politicians used budgetary measures to respond to the pandemic and what key economic factors influenced the design of those measures. Design/methodology/approach The study conducted detailed analyses of budgets at level of central government, as well as other publicly available documents of relevant governments bodies, international statistics and media reports up to the end of June 2020. Findings Decline of economic activity and a number of budgetary measures adopted by central BiH authorities under the influence of characteristics of BiH economy, characteristics of public finance and available source of funding, resulted in less government revenues and sizable government expenditures to assist the economy and public health system. The fiscal stability achieved over the past years and low level of debt allowed BiH authorities to build a deficit into the rebalanced budget. Most of the deficit was covered with the International Monetary Fund (IMF) assistance and in part also through internal borrowing and with surpluses/ deferral revenues from the previous year. Research limitations/implications At this point, it is impossible to predict what kind of impact the pandemic-related crisis will have on BiH public finances and whether further economic interventions will be needed. Originality/value This paper shows the measures that developing country governments dependent on external funding sources can take in times of crisis and what their impact is on the budget
Business · Debt · Deficit spending · Economic policy · Economics · Government budget · Government revenue · Macroeconomics · Originality · Pandemic · Political science · Public economics · Public expenditure · Public finance · Revenue · Banking, Crisis Management, COVID-19 Impact · Fiscal Policies and Political Economy · Local Government Finance and Decentralization · Finance
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,17 |
| Citation span | 2020 - 2020 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |