The Ministry of Public Administration (MPA) announced today that it supported the initiative to amend the Law on the Royal Capital, which, as stated in the statement, provides more stable and clearer financing of the jurisdiction of the Royal Capital of Cetinje.
"The proposed solution specifies the distribution of 1% of funds from the current budget of Montenegro, with 0,5% intended for capital projects, and 0,5% for regular expenditures and legally established obligations of the Royal Capital. The amendments also aim to technically and legally harmonize the law with applicable regulations, in order to enable more efficient implementation of projects of particular importance for Cetinje, including projects for the preservation of cultural and historical heritage, tourist valorization and the creation of new jobs," the statement states.
The MPA said that they remain a reliable partner to local governments and will continue to support initiatives that contribute to sustainable development and strengthening of local communities.
The Democratic Party of Socialists (DPS) parliamentary group has submitted an amendment to the Proposal for Amendments to the Law on the Capital, proposing that the funds allocated by law for development should not be reduced, but should remain at the level of 0,6 percent of the current budget of Montenegro.
At the same time, the Club agrees that funds for exercising legally established competencies should be increased from 0,4 percent to 0,5 percent.
"In this way, the total budget allocations for Cetinje would increase to 1,1 percent of the projected value of the current budget of Montenegro for each fiscal year, which would further strengthen the development and institutional position of the Royal Capital," the DPS statement said.
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