According to preliminary data released the Ministry of Finance, Montenegro’s total budget revenues in 2025 amounted to €2.87 billion, accounting for 35.4% of projected GDP, estimated at €8.12 billion. Compared to the same period in 2024, revenues were up by €117.4 million, or 4.3%, while the annual revenue plan was implemented at a high level of 99.6%.
The ministry says growth in budget revenues reflects strong economic activity, reduced shadow economy and improved tax compliance, contributing to the stability of public finances and strengthening confidence in the country’s fiscal sustainability.
They particularly indicate that tangible results have been already achieved in the first year of implementing the government’s Fiscal Strategy, through measures such as interest write-offs, an expanded excise tax base, the introduction of a new VAT rate in tourism and better personal income tax collection.
In December 2025 alone, budget revenues reached €329.7 million, making up a 27.8% increase compared with the same month of 2024 and 25.3% above the December plan.
Total budget expenditure in December 2025 was €480.4 million, down 5.2% compared to December 2024, with notable deviations from the plan in certain current expenditure categories, including gross wages, interest payments, subsidies and service-related costs.
