In the first ten months, Montenegro achieved a surplus of 75,1 million euros, i.e. at the level of one percent of the estimated gross domestic product (GDP), data from the Ministry of Finance showed.
"Compared to the plan, which predicted a deficit of 105,3 million euros, the budget balance is 180,5 million euros better than the plan," the announcement states.
The Ministry said that in the first ten months, all main categories of budget income recorded growth, both in relation to the plan and in relation to the previous year.
"Namely, the revenue was 2,32 billion euros, which compared to the same period last year is 193,9 million euros or 9,1 percent more, or 33,9 million euros or 1,5 percent more than the plan according to the rebalance. Thus, excluding one-time revenues, the budget revenues for ten months compared to the observed period last year, are 329,5 million euros or 16,8 percent higher," the announcement states.
The capital budget, which includes the budget positions of capital expenditures, as well as individual positions within the expenditure for services and other positions, was realized in the amount of 133,76 million euros, which represents 86,9 percent of the plan for this period, i.e. an increase of 19,49, 17,1 million euros or XNUMX percent compared to the previous year.
"Corporate profit tax was realized in the amount of 205,9 million euros, which is as much as 62,6 million euros or 43,7 percent more compared to the observed period last year and 2,9 million euros or 1,4 percent above the plan according to the rebalancing", the announcement states.
The personal income tax was realized in the amount of 70 million euros, which represents a significant increase in the amount of 19,9 million euros or 39,6 percent compared to the observed period last year, as well as 3,2 million euros or 4,8 percent. compared to the rebalancing plan.
"Contributions were made in the amount of 484,9 million euros, which is 45,6 million euros or 10,4 percent more compared to the observed period last year and 8,5 million euros or 1,8 percent more than predicted by the rebalance ", said the Ministry.
Value added tax was realized in the amount of 1,02 billion euros, which represents a strong growth of 127,5 million euros or 14,3 percent compared to the observed period last year, i.e. 16,2 million euros or 1,6 percent in compared to the rebalancing plan.
"The return of value added tax (VAT) in the observed period amounted to 75,7 million euros, which is 2,4 million euros or 3,2 percent more compared to the realized return of VAT for ten months last year," it is stated. in the announcement.
Income from excise duties in the mentioned period amounted to 309,9 million euros, which represents an increase of 39,5 million euros or 14,6 percent compared to the same period last year and 4,1 million euros or 1,3 percent compared to the rebalancing planned. The biggest contribution to the growth of excise taxes, as usual, was recorded in the excise tax on mineral oils and their derivatives, as well as in the excise tax on tobacco and tobacco products.
"Only in October, the budget revenues amounted to 240,4 million euros, which compared to the same month of the previous year, is 20,4 million euros more or 9,3 percent, that is, almost five million euros more than predicted by the rebalancing". the announcement added.
The Ministry concluded that, on the basis of positive trends for ten months, developments in November and favorable forecasts for December, they expect to end the year with a better overall budget balance than planned and adhere to positive developments, as well as the golden rule of public finances - the surplus of current consumption and financing of all current liabilities from current income.
Bonus video:
