BOSNIAN PARLIAMENT ADOPTED REPORT ON FINANCIAL MANAGEMENT OF BOSNIAN STATE INSTITUTIONS FOR 2006

SARAJEVO, Bosnia (December 19,2007) – The Bosnian Parliament's House of Representatives has adopted collective report on financial management of the Bosnian state institutions for 2006 with proposal of conclusions and recommendations.

All state institutions are to implement the recommendations made by audit inspections from the previous period. If not, they will be held responsible for all the lacks of implementation of audit of the state institutions which is related to the possibility of decrease of budget execution for the budget users.

In that sense, all the institutions marked as “negative” twice will live to see cuts of salaries per 10 per cent.

The conclusions also add that the Bosnian Parliament's House of Representatives will submit the audits’ reports to the department investigative and judiciary organs for the purpose of taking over the actions related to the issue.

House of Representatives collegiums are suggested to consider possibility of taking measures in the sense of forming the two joint commissions for audit and joint commission for finances and budget.

Delegates also adopted Report of the Bosnian Office for Audit on revision executed in 2006 at 13 state institutions).