Title: Public Investment Programme of BiH
1 BOSNIA AND HERZEGOVINA
ANNUAL PROGRESS REPORT ON IMPLEMENTATION OF
MID-TERM DEVELOPMENT STRATEGY (PRSP)
Presentation by Mr. Zlatko HurticAdviser of
Chairman of BH Council of Ministers Thessalonica,
May 27-28, 2005
2PROCESS
- Mid-term Development Strategy approved in
March 2004 by governments and parliaments - Supported by Civil Society
2
3GENERAL GOALS
- to create conditions for sustainable and balanced
economic development - to speed up EU integration
3
4SPECIFIC TARGETS
- to lower unemployment
- to decerease level of poverty
4
5MAIN PRIORITIES
- to decerease public expenditure level in GDP
- to increase private sector share in GDP
5
6IMPLEMENTATION MECHANISM
- Economic Policy Planning and Monitoring Unit
(EPPU) has been established to - monitor implementation of measures from Action
Plan - monitor indicators (MDGs)
- continue with economic research
- prepare six-month and annual reports on
implementation of BH MTDS
6
7PROGRESS REPORT
8STATUS OF IMPLEMENTATION for period August 2003
April 2005
8
Source Report on implementation of Action plan
of MTDS 2004-2007 for period August 2003-March
2005
9IMPLEMENTATION BY GOVERNMENTS
9
Source Report on implementation of Action plan
of MTDS 2004-2007 for period August 2003-March
2005
10IMPLEMENTATION BY PARLIAMENTS
10
Source Report on implementation of Action plan
of MTDS 2004-2007 for period August 2003-March
2005
11IMPLEMENTATION OF MACROECONOMIC FRAMEWORK AND
PRIVATE SECTOR GROWTH MEASURES
11
Source Report on implementation of Action plan
of MTDS 2004-2007 for period August 2003-March
2005
12PERCENTAGE OF SUCCESS IN IMPLEMENTATION OF
MEASURES IN AREA OF SECTORAL PRIORITIES
12
Source Report on implementation of Action plan
of MTDS 2004-2007 for period August 2003-March
2005
13ECONOMIC TRENDS
14ECONOMIC GROWTH OF BH IN COMPARISON TO THE
REGION IN 2004
Serbia and Montenegro
14
Source IMF World Economic and Financial Surveys,
World Economic Outlook, April 2005
15REGIONAL CPI COMPARISON
Source IMF World Economic and Financial
Surveys, World Economic Outlook, April 2005,
IMF Staff Report, Article IV Discussion
Paper
15
16FISCAL DEFICIT
Source Medium Term Development Strategy
IMF Staff Report, Article IV Discussion
Paper
16
17 WAGE BILL CUT
Source Ministry of Finance and Treasury of BIH,
FBiH and RS Ministries of Finance, IMF Staff
Report, Article IV Discussion Paper, FBiH and RS
Medium Term Expenditure Framework, 2005-2007
17
18DEFENSE EXPENDITURES CUT
18
Source FBiH and RS Medium Term Expenditure
Framework, 2005-2007
19CURRENT ACCOUNT DEFICIT
19
Source IMF Staff Report, Article IV Discussion
Paper
20INTEREST RATES DECLINE
20
Source Central Bank of Bosnia and Herzegovina
21BANKS DEPOSIT GROWTH
21
Source Central Bank of Bosnia and Herzegovina
22CORPORATE / HOUSEHOLD LENDING
22
Source Central Bank of Bosnia and Herzegovina
23FOREIGN DIRECT INVESTMENT GROWTH
23
Source Central Bank of Bosnia and Herzegovina
24USAGE OF RAILWAY TRANSPORT IN BIH
24
Source Statistical office FBiH, Statistical
office RS
25EXPORT / IMPORT RATE OF GROWTH
25
Source Central Bank of Bosnia and Herzegovina
26INDUSTRIAL PRODUCTION GROWTH
26
Source Central Bank of Bosnia and Herzegovina,
FBiH and RS Institute of Statistics
27EMPLOYED AND UNEMPLOYED (including grey economy)
in
27
Source Living in BiH, Wave 4
28WAGES
28
Source BiH Statistics Agency, FBiH and RS
Institute of Statistics
29PENSIONS
29
Source Central Bank of Bosnia and Herzegovina,
FBiH and RS Institute of Statistics
30POVERTY DECLINES
30
Source BiH Statistics Agency, FBiH and RS
Institute of Statistics, EPPU
31- Job loss 20,700
- Job creation 19,900
- Out of poverty 69,000
31
32FOREIGN AID SHARE IN GDP
32
Source IMF Staff Report for 2005, Article IV
Discussion Paper
33PRIORITIES FOR 2005
- VAT introduction
- Corporate restructuring
33