Tivat: Municipality's revenues are lower, but expenditures are higher

In the first three months of this year, the Municipality of Tivat achieved total current budget receipts in the amount of 3.781.731 euros, which is 14,65 percent of the total expected city treasury receipts in the 2026 budget, which are planned to amount to 25.807.100 euros.

In addition, the Municipality transferred a total of 9,485 million euros of unspent funds from last year's budget to this year's budget.

This is stated in the Quarterly Report on Cash Flows and Consolidated Public Spending of the Municipality of Tivat for the period from January 1 to March 31 of this year, which was published on the local government website.

Compared to the first quarter of last year, when a total of 4.358.548 euros in current revenues flowed into the Tivat city treasury, receipts for the first three months of 2026 are lower by about 14 percent, or nominally by over 570.000 euros. However, it should be kept in mind that last year, in the first quarter, the Municipality of Tivat had revenues from donations and transfers in the amount of just over 243.000 euros, and there were none at all this year.

Municipalities may be particularly concerned by the fact that in the first three months of this year, although construction is taking place everywhere in Tivat, and the city is increasingly beginning to resemble the urban devastated Budva, revenues from utility bills (fees for the development and construction of construction land) amounted to only 179.782 euros, almost three times less than at the same time last year, when over 530 thousand euros were generated from utilities in the first three months.

The Municipality's current expenditures in the first quarter of 2026 amounted to 2.948.503 euros and were about 320.000 euros, or about 12 percent higher than in the same period last year. Capital expenditures for the first three months of this year amounted to 1.422.632 euros and were more than a million euros lower than in the first quarter of 2025.

At the end of the first quarter, the municipality had no current outstanding short-term liabilities, while the long-term debt of the local government at the end of March 2026 was 3.306.461 euros. Of this, domestic debt was 606.461 euros, and foreign debt (mainly to the German KfW bank, which financed the construction of new and modernization of existing water supply and sewage infrastructure) amounted to 2,7 million euros.