State Secretary in the Ministry of Finance, Tarik Turkovic, has said Montenegro is still repaying debts incurred before 2020, while every new borrowing is used exclusively for debt repayment, not for current expenditures such as salaries, pensions, or social benefits.
He emphasizes that such approach contributes to the stabilization of public debt, recalling that the state of public finances is measured in relation to gross domestic product (GDP), as it’s the only indicator accurately reflecting a country’s ability to repay its debt in line with its economic capacity.
“Montenegro has recorded a public debt within the Maastricht criterion of 60% of GDP only in the past three years, that is, from 2023 to 2025. Projections show we’re going to maintain this level until 2028,” Mr Turkovic posted on X, formerly Twitter.
