In the first quarter, the growth rates of both total revenues and total expenses were recorded. However, due to higher revenue growth, a budget surplus of EUR 65.8 million was achieved. The growth of income was stimulated by the increase in prices in the first quarter, which contributed to the fact that Value added tax […]
Trends in public finances and budget rebalancing Read Post »
Abstract In March, Montenegro borrowed EUR 100 million from Deutsche Bank. Compared to previous borrowings, this borrowing is significantly less favourable, taking into account the very high variable interest rate that is linked to Euribor. Considering the high uncertainty and expectations that the Euribor will increase in the coming period, this would also mean more
Montenegro economy briefing: Increased indebtedness of Montenegro Read Post »
Budget revenues in the first three quarters were higher by 8.5% compared to the same period of the previous year, or 5.0% more compared to the plan. The increase in budget revenues was mostly influenced by the increase in VAT, which was 23.8% higher than the planned amount. The growth of prices, but also the
Montenegro, 2022 Fiscal trends and the budget rebalance Read Post »
