Montenegro, by closing Chapter 32 - Financial Supervision, which is expected on Monday, confirms that it has reached a high level of institutional maturity and ability to apply the highest European standards in public finance management, assessed Minister of Finance Novica Vuković.
In a statement to the media, he recalled that this is the third negotiating chapter under the jurisdiction of the Ministry of Finance that is being successfully closed, stating that this is a clear indicator that the reforms they are implementing are not formal, but substantive and measurable.
"Through strong and well-coordinated cooperation between the Ministry of Finance with the State Audit Institution, the Audit Authority and the Central Bank, we have significantly improved the legislative and institutional framework of financial supervision," said Vuković.
According to him, the reform of the internal financial control system, the strengthening of internal and external audit, as well as the introduction of clear accountability rules, have led to more transparent and responsible management of taxpayers' money.
"Today, public funds are planned and spent with a greater degree of control, the space for irregularities has been reduced, and institutional leaders have clearly defined obligations and responsibility for the decisions they make," Vuković pointed out.
As he stated, this not only strengthens financial discipline, but also the quality of public services provided to citizens.
"The Ministry of Finance has one of the key roles in European integration, both through direct competence in negotiations and through fulfilling the economic and political criteria for membership in the European Union (EU)," Vuković emphasized.
He said that they are proud of the results achieved, emphasizing that there is no time for rest.
"We continue resolutely, with a clear goal to fulfill all obligations by the end of the year and enable the closure of the remaining negotiation chapters under our jurisdiction," concluded Vuković.
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