Financial stability is a priority of the new budget

The situation in the banking sector can escalate if it is not resolved quickly, Damjanović warned
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Debt on the domestic market: Radunović in parliament, Photo: Parliament of Montenegro
Debt on the domestic market: Radunović in parliament, Photo: Parliament of Montenegro
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The Minister of Finance, Darko Radunović, in his closing remarks in the parliament, which will present its opinion today on the draft law on the budget for 2019, said that he believes that they have found a measure where, during the period of fiscal consolidation, they have increased employment, preserved the level of wages, pensions and social benefits. .

"We also managed to reconstruct some schools, adapt kindergartens, buy equipment for the Clinical Center... This is not enough, more can be done," Radunović said yesterday.

The budget for the next year is projected at 2,38 billion euros, and 556 million euros will be missing to cover all costs.

"We already have 180 million in deposits, we expect 180 million from privatization, while 180 million is an arrangement with the Chinese Exim Bank for the highway, so we will seek XNUMX million for debt on the domestic market. Our focus is on financial stability, which we take seriously, and we do not expect dramatic events," said Radunović.

Independent MP Aleksandar Damjanović said that he expects the Government and the Ministry of Finance to step forward boldly in solving problems in the banking sector.

"I expect them to clearly state their position and take measures to remedy it, because this situation can escalate," Damjanović assessed.

SDP leader Ranko Krivokapić said that Montenegrin economic policy has permanent problems that are increasing, that debt and expenses for salaries and administration are growing, while there is less and less for education, health, education and defense.

"The SDP proposed an amendment to buy laptops for children in Montenegro from the fourth to the ninth grade, which is eight million euros," Krivokapić said.

DPS MP Tarzan Milošević assessed that a special challenge is the revenues that need to be collected, without endangering people and companies that create new goods, as well as having costs that need to be partially reduced and money for capital projects provided.

Deputies will also declare today the financial plans of independent regulators for the coming year and the amendments to the law on financing local self-government.

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