MNE needs fiscal consolidation
, NewsIn the coming year, Montenegro must implement a medium-term fiscal consolidation plan that will reduce the public debt, form a fiscal council, analyze the operations of state-owned companies and apply concrete measures to combat the grey economy, according to the EC Report.
In the document, which was presented yesterday in Brussels, it is assessed that the state has progressed in the last year in terms of economic criteria, but that it is moderately prepared for the development of a functional market economy.
It was noted that the state of public finances has improved compared to 2020, but also that reforms are necessary that would increase budget revenues and reduce costs. The sudden adoption of laws that increased social benefits at the end of last year, without prior analysis of fiscal risks, was criticized.
LATEST NEWS
- February 1, 2024 Invitation to Enhance Visibility and Stakeholder Engagement in EU Horizon Projects
- January 17, 2024 Montenegro forests, emissions trading and carbon offset credits, opportunities for investments
- May 11, 2023 Luxury Public Relations for pearl of Mediterranean, Elevate PR for Montenegro
- May 11, 2023 Elevate your business in Montenegro with Elevate PR
- May 9, 2023 Montenegro economy briefing: Wage growth in the public sector and other labour market issues
- April 8, 2023 Montenegro economy briefing: Increased indebtedness of Montenegro
- December 11, 2024 Best Investment to build residential and commercial complex in Podgorica
- December 11, 2024 Ministry of Tourism considers artificial snowmaking for a successful winter season
- December 11, 2024 Air Montenegro launches special winter offer with discounted flights to multiple destinations
