Report on central government operations of  Bosnia and Herzegovina Reference Metadata in Euro SDMX Metadata Structure Central Bank of Bosnia and Herzegovina
	1. Contact
	2. Metadata update
	3. Statistical presentation
	4. Unit of measure
	5. Reference period
	6. Institutional mandate
	7. Confidentiality
	8. Release policy
	9.  Frequency of dissemination
	10. Accessibility and clarity
	11. Quality management
	12. Relevance
	13. Accuracy and reliability
	14. Timeliness and punctuality
	15. Coherence and comparability
	16. Cost and burden
	17. Data revision
	18. Statistical processing
	19. Comment
	1. Contact
	1.1. Contact organisation	Central Bank of Bosnia and Herzegovina
	1.2. Contact organisation unit	Department of Economic Research and Statistics Department for Statistics and Publications
	1.3. Contact name	a) Mr. Amir Hadziomeragić b) Mr. Ervin Zolić c) Ms. Milica Krajišnik
	1.4. Contact person function	a) Head of Department of Economic Research and Statistics b) Head of Department for Statistics and Publications c) Statistics Senior Specialist
	1.5. Contact mail address	Maršala Tita 25, 71000 Sarajevo
	1.6. Contact email address	a) ahadziomeragic@cbbh.ba b) ezolic@cbbh.ba c) mkrajisnik@cbbh.ba
	1.7. Contact phone number	+387 33 278 184  +387 33 278 228 +387 33 278 342
	1.8. Contact fax number	+387 33 278 188
	2. Metadata update
	2.1. Metadata last certified	15.09.2023
	2.2. Metadata last posted	15.09.2023
	2.3. Metadata last update	15.09.2023
	3. Statistical presentation
	3.1. Data description	Compilation of Government Finance Statistics for Bosnia and Herzegovina is done in accordance with concepts of GFSM 2001, though only one of four of GFS analytical framework reports is compiled and disseminated, namely Statement of Government Operations, while Balance Sheet Statement, Statement On Sources and Uses of Cash and Other Economic Flows Statement are still not compiled for Bosnia and Herzegovina. The structure of Statement of Government Operations is as given: -Revenues -Expenses -Gross Operational Balance -Transactions in Nonfinancial Assets -Net Lending/Borrowing -Transaction in Financial Assets -Transactions in Financial Liabilities The data breakdown differs on quarterly and annual level. While annual level of reporting goes as far as Table 1-3, quarterly reporting for most data is on synthetic level presented in Statement. Also Acquisition of Financial Assets and Liabilities are not reported in quarterly reports for Central government. In Expenses side as well as Nonfinancial Transactions data for Amortization and CFC-Consumption of fixed Capital are missing due to lack of source data in annual as well as quarterly reports. Source data are based on budget accounting and budget execution reports as legally binding forms of reporting so there is no need for statistical assessments of source data. Only for sectorization issues assessment of all units included in Central Government Sector is done on irregular basis.
	3.2. Classification system	Classification of Central Government Sector is done in accordance with GFSM 2001 standards, and is constituted of: • Budgetary Central Government Sector which includes budgetary units of: BH Institutions, two entities: Republic of Srpska and Federation of Bosnia and Herzegovina as well as ten Cantons within Federation of Bosnia and Herzegovina, and Brcko District, • Social Security Funds Sector which includes Pension Funds, Employment Funds and Health Care Funds on Entities, Cantonal and Brcko District level, Child Protection Fund of Republic of Srpska.
	3.3. Sector coverage	External debt of the private sector is not covered. Most of Foreign Financed Projects are unrecorded because they are not included, or not included for most part, in budget execution reports. Additional reports (provided by foreign donors and creditors) are not precise and do not meet requirements of GFSM 2001. Grants in kind in revenues side are also not fully covered, because in national accounting practice there are treated only as changes in stocks but not transactions. Amortization- CFC in Expenses is missing in Statement of Government Operations due to lack of reliable data sources. Except for reclassifying transactions within and between categories, in accordance with GFSM 2001, no other statistical technique is used. If significant discrepancy between different data sources occurs, further research is carried out to perform data adjustment, time of recording and sometimes valuations.
	3.4. Statistical concepts and definitons	Data on central government level on quarterly level comprise of budgetary units and social security funds but does not include the following data: -Disabled Persons Funds for both entities and -Public Enterprises for Highways of both entities Republic of Srpska and Federation of Bosnia and Herzegovina -Public Enterprises for Road Maintenance of two entities Republic of Srpska and Federation of Bosnia and Herzegovina as well as two Public Enterprises for Road Maintenance on Cantonal level. -Local Level Government Sector. Quarterly data does not include extra-budgetary funds, municipalities and transactions on acquisition of financial assets and liabilities due to lack of source data on quarterly level. Current market prices are used to value revenue, expenses and transactions in non-financial assets i.e. transactions are recorded on the basis of their value at the time of the underlying economic event, which, for exchange transactions, generally corresponds to market prices. Face and nominal value is used to value transactions in financial assets and liabilities. Data are recorded on Accrual (Expense and Transaction in non- financial assets) and Cash (Revenue) basis. Revenue and Expense are recorded on a gross basis. Acquisitions and disposals of non-financial assets other than inventories are recorded on a gross basis, while changes in each type of inventory are recorded on a net basis in accordance with GFSM 2001.
	3.5. Statistical unit	The statistical unit is the institutional unit.
	3.6. Statistical population	Central government sector.
	3.7. Reference area	The Bosnia and Herzegovina territory.
	3.8 Time coverage	Data for BiH is available from 2004.
	3.9. Base period	Not applicable.
	4. Unit of measure	National currency (BAM).
	5. Reference period	The reference period is the quarter.
	6. Institutional mandate
	6.1. Legal acts and other agreements	- Law on the Central Bank of Bosnia and Herzegovina (Official Gazette of BH 1/97).
	6.2. Data sharing	-Data sharing to external users -  state institutions in country is regulated by Law on Statistics and other laws which regulates the work of state institutions (for example Directorate for Economic Planning of BiH, Ministry of Finance of BiH; Agency for Statistics of BiH, etc.) -Statistical Office of the European Union (Eurostat) -External users – international organisations like UN Statistics Division (UNSD), International Monetary Fund (IMF), World Bank (WB), etc. based on their requests and/or agreements signed.
	7. Confidentiality
	7.1. Confidentiality-policy	Confidentiality of statistical data has been regulated by the Law on the Central Bank of BiH (Official Gazette of BH 1/97) and sets forth the principle of confidentiality as one of the main principles.
	7.2. Confidentiality-data treatment	Data are treated as confidental after reporting, during validation process, until the news realease.
	8. Release policy
	8.1. Release calendar	The precise date of publication is presented in CBBH release calendar.
	8.2. Release calendar access	The dissemination calendar is available on CBBH website:
		https://www.cbbh.ba/content/read/29
	8.3. User access	All publications are published in accordance with the defined release calendar on exactly specified date. All publications intended for users are available in 4 languages, that is, 3 local languages plus English version.
	9.  Frequency of dissemination	BH Government finance statistics on Central government is published quarterly.
	10. Accessibility and clarity
	10.1. News release	BH’s central government finance statistics are first published in a form of statistical tables on official website of the CBBH www.cbbh.ba in accordance with analytical framework and classification breakdowns of the GFSM 2001. The following tables are available on CBBH web site: 1. Statement of government operations by quarters for all levels (BH, FBH, RS) 2. Statement of government operations by structure of revenues and expenditures for all levels 3. Statement of government operations by sector of governments – for period 4. Statement of government operations by components of revenues and expenditures – for period These data are later published in the CBBH Quarterly Bulletin and constitute the basis for the textual analysis on recent fiscal developments presented in the first part of that publication. The text is accompanied by various topical tables, charts and diagrams supported by the data.
	10.2. Publications	CBBH Quarterly Bulletin. Data are available on the CBBH web site at:
		http://cbbh.ba/index.php?id=30amp;lang=en
		CBBH Quarterly Bulletin is available at:
		http://www.cbbh.ba/index.php?id=35amp;lang=en
	10.3. On-line database	Please consult free data on:
		http://statistics.cbbh.ba/Panorama/novaview/SimpleLogin_en_html.aspx
	10.4. Micro-data access	Not applicable.
	10.5. Other	Data are transmitted to International Monetary Fund which also publishes data for Bosnia and Herzegovina on its website.
	10.6. Documentation on methodology	Methodological notes on BH’s Government Finance Statistics are published as explanatory notes of GFS data tables published on official website of CBBH at:
		http://cbbh.ba/index.php?id=37amp;lang=en
		as well as in the CBBH Quarterly Bulletin.
	10.7. Quality documentation	The Quality Report is not available on the official website of the Central Bank of Bosnia and Herzegovina.
	11. Quality management
	11.1. Quality assurance	Central Bank of BiH in principle follows the recommendations for quality management provided in the European Statistics Code of Practice (CoP) and implements the guidelines provided in the European Statistics System Quality Assurance Framework (QAF).
	11.2. Quality assessments	Will be available in the future.
	12. Relevance
	12.1. User needs	Key users of the survey in statistics data are: - International main users: Eurostat, IMF, UN/UNECE, OECD, WB - National main users: Directorate for Economic Planning of BiH with the Council of Ministers of BiH, Foreign Trade Chamber of BiH, Agency for Statistics of BiH, Ministry of Finance of BiH, other bodies and institutions of the Government -  Other users: business entities – enterprises, association of employers, researchers and students, media and general public.
	12.2. User satisfaction	The Central Bank of Bosnia and Herzegovina is in constant dialogue with the main users in order to improve your data.
	12.3. Completeness	Time series are available since  2004.
	13. Accuracy and reliability
	13.1. Overall accuracy	Not available.
	13.2. Sampling error	Not available.
	13.3. Non -sampling error	Not available.
	14. Timeliness and punctuality
	14.1. Timeliness	Deadlines for delivering quarterly source data are 45 days after end of referent period/quarter.
	14.2. Punctuality	Data are published 90 days after the end of referent period/ quarter.
	15. Coherence and comparability
	15.1. Comparability-geographical	The results are comparable with those of other countries (EU Member States primarily).
	15.2. Comparability-over time	Comparability over time is ensured.
	15.3. Coherence-cross domain	Data are broadly consistent with monetary and balance of payments statistics compiled by the CBBH. Data are internally consistent i.e. categories and classification always have same scope and in every report are applied as defined by GFSM 2001.
	15.4. Coherence-internal	Consistency is ensured within and between published tables.
	16. Cost and burden	Not available.
	17. Data revision
	17.1. Data revision-policy	None of the revision schedules are fixed and revision is done on necessity basis. Once a year, a revision is done for the previous year quarters and in some exceptional cases is done for other periods.
	17.2. Data revision-practice	None of the revision schedules are fixed and revision is done on necessity basis. Once a year, a revision is done for the previous year quarters and in some exceptional cases is done for other periods.
	18. Statistical processing
	18.1. Source data	Source data are based on budget accounting and budget execution reports as legally binding forms of reporting so there is no need for statistical assessments of source data. Only for sectorization issues assessment of all units included in Central Government Sector is done on irregular basis. Source data consists of Gross Balance sheets, periodical reports of reporting units and additional information that are provided on demand /clarification basis. Source data for revenues, expenses and transactions in non-financial assets cover all monetary transactions of all units included in Central Government Sector. Non-monetary transactions often require additional investigation of different data sources, counterpart information, and sometimes data adjustments. Classification of transaction requires substantial reclassifications, especially in sales of goods and services in revenues and treatments of use of goods and services and social transfers in expenses.
	18.2. Frequency of data collection	At the quarterly and annual level.
	18.3. Data collection	The primary responsibility for collecting information on BH’s external debt belongs to the BH Ministry of Finance and Treasury. The Ministry is in charge of running and managing the BH debt, as well as maintaining an external debt database. CBBH receives data base and produce data related to stock of debt for previous period/year as well as on servicing of external debt.
	18.4. Data validation	All GFS data published by CBBH are marked as preliminary since those are acquired as such usually before official Source Unit reports are published. Preliminary data have very small to none discrepancy in comparison to final source data. Validation of intermediate results are applied as follows : • Mathematical data validation of totals to be equal to subtotals on level of each unit and on level of each sector and subsector. • Logical data validation by types of revenues and expenses and its attribution to sectors and subsectors. • Cross-checking of different source data, and if there are substantial discrepancies investigation of possible transactions unrecorded, coverage and scope issues, valuation and time of recording issues. Statistical discrepancies between transactions in revenues, expenses and nonfinancial transactions on one side, and financial assets and liabilities on other side, which can result in data adjustments mostly in expenses side (practices of deviation of accrual to cash treatment of expenses), adjustments of transactions in financial assets and liabilities, mostly unrecorded, in order to narrow discrepancy.
	18.5. Data compilation	Government Finance Statistics (GFS) are compiled in Central Bank of Bosnia and Herzegovina, Statistics and Publications Department – GFS and financial accounts unit. There are five staff members within the Unit, with admirable knowledge of GFSM 2001. Material resources, including office space and IT facilities are adequate.
	18.6. Adjustment	Not available.
	19. Comment	/