English

The Government borrowed EUR 875 million

Vlada Crne Gore

So far, the Government of Montenegro has borrowed EUR 875 million, and the national debt is expected to reach the projected EUR 940 million by the end of the year, the Ministry of Finance (MF) told Dan, a daily.

The state has realized all loan facilities defined by the 2018 Budget Law, in order to ensure the missing funds.

“The Government of Montenegro and the Ministry of Finance concluded a loan agreement with the trade union of banks, thus ensuring EUR 250 million, guaranteed by the World Bank. Also, in April 2018, the Government realized emission of bonds at the international market, in the amount of EUR 500 million, which were used for refinancing part of bonds from 2019, 2020 and 2021, being part of the state debt in the total amount of EUR 362.35 million,” the MF reported.

This year, the Government of Montenegro will borrow a total of EUR 940 million.

Send this to a friend