The total public debt of Montenegro at the end of last year amounted to 4,12 billion euros, or 60,24 percent of the gross domestic product (GDP), the Government announced.
"Taking into account the deposits of the Ministry of Finance, including 38.477 ounces of gold, which, at the end of last year, amounted to 152,41 million euros, the net public debt of Montenegro, at the end of last year, amounts to 3,97 billion euros, or 58,04 .XNUMX percent of GDP", it is stated in the announcement of the Government, which today adopted the Report on Public Debt.
As they explained, at the end of the year, the public debt in absolute amount increased by 24,6 million euros, compared to the same period in 2022.
"The increase in debt is the result of borrowing by the state on the one hand and regular repayments and exchange rate differences arising when the debt balance is expressed at a different exchange rate, on the other hand," said the Government.
Today, the government adopted the Information on the state of public finances at the local level at the end of last year.
The Ministry of Finance has analyzed public spending at the local level, as well as all relevant indicators of the financial state of local self-government, comparing them with data and indicators from 2022.
"The analysis determined that the total realized receipts of local self-government units in 2023 amounted to 486,26 million euros, which is 65,24 million more than the realized receipts in 2022," the Government announced.
It is stated that the budget expenditures of all local self-government units last year amounted to 358,67 million euros and that compared to 2022 they increased by 18,26 million.
According to the data submitted by local self-government units to the Ministry of Finance, the total outstanding liabilities of local self-government at the end of last year amounted to 73,12 million euros, and compared to the state of outstanding liabilities on the same day in 2022, they were reduced by 4,72 million.
That reduction, as stated in the material, mainly refers to obligations based on loans and credits.
The Government said that on this occasion, the Tax Administration is in charge of individually concluding a protocol on the settlement of obligations with all local self-government units, as well as companies and institutions founded by the local self-government unit, which have current tax debt, which will contain a dynamic repayment plan. debt on those grounds.
"The Ministry of Finance is obliged to individually conclude a protocol on the settlement of obligations with all local self-government units that have outstanding obligations based on transfer loans, which will contain a dynamic debt repayment plan on that basis," the announcement states.
The government also recommended local self-government units to optimize the number of employees and limit new hires.
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