Accession of Bosnia and Herzegovina to the European Union: Impact on Public Finances, Budget and Legislation

Abstract

The main objective of this paper is to define the
impact and the consequences of the processes of European
Integration on public finances, management of the budget and
legal standardization in Bosnia and Herzegovina and to give,
accordingly to conducted research, the answer to a dilemma
whether joining the EU will bring more advantages or
disadvantages to Bosnia and Herzegovina and both of the it`s
Entities.
A special analysis is given on the impact of the accession
process on budgetary revenues, the costs of reform, and the
institutional adjustment. The net financial effect of the preaccession
process and of joining the EU on the budgetary deficit
and public debt of Bosnia and Herzegovina has also been
analysed.