Sarajevo, June 24, 2008 – In its Preliminary Conclusions of the IMF Mission relating to Article IV Consultation the IMF mission welcomes the establishment of the Fiscal Council and encourages the authorities to make it operational as soon as possible. This will require putting in place a number of important elements, including harmonizing the budget calendars; establishing a comprehensive, timely, and transparent reporting of budget and execution data; and mandating all levels of government to provide such data to MAU on a uniform and consistent basis.