The session of the Parliamentary Committee on Economy, Finance and Budget, which will discuss the Draft Law on the Budget of Montenegro for the next year, will be held on December 17th and 18th.
The agenda of the session also includes the Proposal for a Decision on Montenegro's Debt for the coming year, as well as the Draft Economic Reform Program of Montenegro for the period from next year to 2028.
The session, as announced by the Assembly, will be held in two parts.
"On the first day of the session, December 17, the Committee will consider the Draft Law on the Budget of Montenegro for the next year, and in accordance with the article of the Rules of Procedure of the Parliament, in addition to the authorized representatives of the proponents of the law, one representative each was invited to the Committee session, in accordance with good practice: the Central Bank, the State Audit Institution, the Chamber of Commerce, the Union of Employers, the Confederation of Trade Unions, the Union of Free Trade Unions, the Association of Managers of Montenegro, the Union of Municipalities, the Montenegrin Employers' Association, the American Chamber of Commerce in Montenegro, the Foreign Investors Council, Fidelity Consulting, the Alternative Institute and the Society of Statisticians and Demographers," the statement reads.
On the second day of the session, December 18, the Committee will continue its discussion on the Budget Bill for the next year and other items on the agenda, in the presence of authorized representatives of the proposers.
The proposed budget for next year is planned to amount to 3,79 billion euros, with stable growth in source revenues estimated at 3,08 billion euros, or 36 percent of gross domestic product (GDP).
The capital budget for next year amounts to 305 million euros, which is 25 million more than the previous year, and includes 396 projects with a total value of 9,7 billion euros.
The budget maintains a stable deficit level of 3,2 percent of GDP while achieving a current expenditure surplus of 72,9 million euros, or 0,9 percent of GDP.
Up to 710 million euros are planned for debt repayment and financing of capital expenditures in the coming year. When it comes to debt repayment, 383,6 million euros are due next year.
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