In the last two years, stability of public finances has been strengthened, and the economic growth, that amounted 4,7% last year, has been stimulated.
Ministry of Finance has given significant contribution to the implementation of measures of economic policy of the Government, aimed at sustainable and inclusive economic growth which would provide better quality of life for the citizens. In addition, activities on the reinforcement of fiscal stability and increase of the economic competitiveness have also been realized. According to the projections of the Ministry of Finance, real economic growth will amount 4,1%.
“Investments in fixed assets had the most significant impact on economic growth. Economic growth enhanced job creation, and the number of employed people in Montenegro increased by 11.000, in comparison to 2016”, reports the Ministry.
Life quality of the citizens is much better and GDP per capita which increased to 46% of the EU average is a confirmation enough.
“Measures of fiscal consolidation provided regular payment of salaries, pensions, social benefits…”, said the representatives of this Government department.
For the first time, ever since 2008, surplus of the current budget expenditure has been enabled. That creates more space for increased investments in the infrastructure projects that create conditions for long-term economic growth. Intense economic activity in the state made the income increase by 18%.
Capital budget, as the main development component, will be the main reason for indebtedness.
Also, the Ministry reports that around 42 million EUR of tax debt has been paid so far.
