Review article

FINANCIAL EQUALIZATION IN BOSNIA AND HERZEGOVINA- CHALLENGES AND LIMITATIONS

Željko Šantić ; Ekonomski fakultet Sveučilišta u Mostaru
Branimir Skoko ; Ekonomski fakultet Sveučilišta u Mostaru
Danijel Jerković orcid.org/0000-0002-6431-1815 ; Poslovni centar FIS Vitez

Abstract

Financial equalization is a significant economic and social category, which largely determines the regional and national life conditions. Accordingly, this paper will define the way of regulation, implementation and evaluation of financial equalization in Bosnia and Herzegovina in the period of 2005-2012. This paper will examine the existing model of financial equalization in Bosnia and Herzegovina. Paper will also investigate compatibility of the model and its foundations on the financial principles of justice and fairness. Given the complex political and administrative - territorial organization of Bosnia and Herzegovina, it will be examined in the paper whether the current model fits the needs of socio-economic development of the country. According to these findings the paper will present new solutios to increase the efficiency of financial equalization in Bosnia and Herzegovina.

Keywords

financial equalization; Bosnia and Herzegovina; allocation system; direct taxes; indirect taxes; allocation criteria

Hrčak ID:

123494

URI

https://hrcak.srce.hr/123494

Publication date:

26.6.2014.

Article data in other languages: croatian

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