Budget Montenegro for 2011 – EUR 1.25bn

Starting from the determined political, developmental and functional priorities in its work and the macroeconomic projections for next year, the Government of Montenegro determined the bill on the budget of Montenegro for 2011, worth around EUR 1.25bn, which is EUR 200m less than this year. The budget is based on the projected real economic growth of 2.5 to 3 percent, while the original incomes were planned on the level of 42 percent of the gross domestic product, and public consumption is on the level of around 44.4 percent. This accomplished the reduction of deficit to 2.4 percent, which represents an additional fiscal adjustment in the direction of consolidation of public finances.

News source: Limun.hr link: article