Manja slova Veća slova RSS
Top news Most read  
21.12.2017

World Bank Backs Fiscal and Financial Sector Reforms in Montenegro

WASHINGTON, December 20, 2017 — The World Bank supports a package of reforms to strengthen public finance and financial sector resilience in Montenegro through a Euro 80 million guarantee approved today. The reforms are supported through a Policy-Based Guarantee (PBG) – a first in a programmatic series of two operations – which will aim to secure two to three times larger private finance and allow for orderly refinancing of the existing debt liabilities towards commercial creditors...



19.04.2021.

Clarification by the Ministry in regards to recent press coverage of Chinese loan

Clarification by the Ministry in regards to recent press coverage of Chinese loan

In order to clarify speculations arising in regards to the recent press coverage on $1bn Chinese highway loan, Ministry of Finance and Social Welfare wishes to reiterate that public finances of State of Montenegro are in a sustainable shape and fully aligned with the convergence Maastricht criteria with respect to 3% deficit limit. As of April 15 2021, revenues and expenses are fully in line with this year’s proposed budget that presumes 2.98% fiscal deficit for this year - a steep reduction from 10%+ from the last year, reflecting the government’s efforts to reach the fiscal targets sooner that rating agencies deemed reachable only in 2023/2024. We have also decreased our gross debt/GDP ratio from 105% as of Dec 2020 to 97% currently, as well as net debt/GDP ratio from 89% in Dec 2020 to 85% as of April 2021...


Ministarstvo finansija


Ministarstvo finansija

What are the most searched information on the website of the Ministry of Finance?


Current News

19.04.2021.

Clarification by the Ministry in regards to recent press coverage of Chinese loan

In order to clarify speculations arising in regards to the recent press coverage on $1bn Chinese highway loan, Ministry of Finance and Social Welfare wishes to reiterate that public finances of State of Montenegro are in a sustainable shape and fully aligned with the convergence Maastricht criteria with respect to 3% deficit limit. As of April 15 2021, revenues and expenses are fully in line with this year’s proposed budget that presumes 2.98% fiscal deficit for this year - a steep reduction from 10%+ from the last year, reflecting the government’s efforts to reach the fiscal targets sooner that rating agencies deemed reachable only in 2023/2024. We have also decreased our gross debt/GDP ratio from 105% as of Dec 2020 to 97% currently, as well as net debt/GDP ratio from 89% in Dec 2020 to 85% as of April 2021...

more...