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Budget revision likely to happen in May, says Sekulić

The proposal of economic measures, presented by the Prime Minister, several days ago is an aid package for stabilization and protection of our employees and industry in the midst of the coronavirus crisis, economy minister, Ms Dragica Sekulić, told in an interview for TV Montenegro.

According to her, the govt then intends to present a range of measures for the development, as it has already started talks with social partners, MPs and economic experts to find the best possible solution. In addition, the budget revision will most probably happen in May, said Ms Sekulić.

“Right now, we have to take into account the sustainability of public finances. Therefore, the first thing that we have to bear in our minds is the fact that we won’t generate revenues as we used to do during previous months or last year. It means that we are going to have somewhat lower budget revenues, that is, a certain deficit,” she noted.

The first €100 million govt’s aid package, passed on 19 March, was just a rapid response to emergency financing of the industry.

Ms Sekulić continued: “The aim of the second one, which has already been proposed, is to protect the industry now in order to be able to start with the development as of May or June.”

The coronavirus affected the world’s largest economies, the Minister concluded.

 

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