Having in mind that there was a rise in salaries and other reimbursements, the announcement that we’ll have to borrow at least 170 million euro by the end of the year is completely realistic. Interlocutors of the public broadcaster RTCG claim it’s not important whether we’re going to borrow money from the international market or local banks. According to them, it’s not going to have long-term results if the country doesn’t manage to revive the economy.
“It’s a message for Montenegro citizens if they believed that the rise in salaries was a huge success. They’ll have to pay that money back once the government borrowing is realized,” a Serbian journalist, Misa Brkic, believes.
When we talk about the government borrowing, while we know that the industry doesn’t have enough money, but we do have a lot of it in banks, it’s a clear indicator there’s a problem in the economy, the economic analyst, Mirza Muleskovic, assessed.
Due to the expected rise in interest rates as of autumn, the RTCG interlocutors believe that borrowing should be done as soon as possible. Meanwhile, the state should find the way to revive the flagging economy.
