WORLD NEWS FOR MONTENEGRO DIASPORA
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Prime Minister Milojko Spajić said that the budget for next year, which the Government adopted at today's session, is of high quality and a reflection of responsibility towards what was promised to the citizens, and on the other hand, fiscal sustainability.
We refute the announcements of individuals that we will finance measures from various programs from debt, or by increasing the VAT rate, by selling EPCG, with a budget that is fiscally responsible and sustainable. We will have a surplus of the current budget, precisely because of this no part of the current budget will be financed from debt. Borrowings will be used exclusively either for the capital budget, or to repay the old loan - Spajić said at the press conference where the budget for the next year was presented.
He pointed out that the standard of pensioners is being improved by increasing the minimum pension to 450 euros.
Spajić pointed out that the budget for 2024 starts a strong investment cycle. He asked the local governments to prepare for the implementation of the projects. He told the local governments that they must provide mature projects.
We are ready to add new projects by rebalancing when the projects are mature. I call on all citizens to put maximum pressure on local self-governments, and local self-governments to commit themselves - said Spajić.
According to him, they are speeding up the procedure as much as possible and next year they will start with the continuation of the construction of the highway.
It is in the capital budget and 80-90 million euros have been allocated for that item - emphasized Spajić.
He expects the fiscal strategy to be adopted early next year.
We will have a fiscal strategy that will reflect a responsible and domestic attitude towards the public good - said Spajić.
"No euro for minimum pensions will come from debt"
Spajić said that not a single euro for minimum pensions will come from debt and, as he said, false stories about the sale of EPCG, nor from an increase in the general rate of VAT.
Despite this, we have a minimum pension of 450 euros - said Spajić, saying that the promised will be fulfilled.
The head of the Prime Minister's Cabinet, Branko Krvavac, said that no euro of debt will be used for policies from the "Europe Now 2" Program.
Vuković: Planned revenues of 2.707 billion euros
Minister of Finance Novica Vuković said that the goal of the budget is to increase the competitiveness of the economy, provide macroeconomic and fiscal strategies, improve citizens' standards, increase investments...
Vuković said that it is planned to reduce the budget deficit, adding that the level of public debt will be around 60 percent. 700 million euros will be invested through the capital budget in the next three years.
He said that continuous positive trends are expected, with economic growth in 2024 of 3.8 percent.
The original revenues are planned in the amount of 2 billion and 707.3 million euros - said Vuković.
The public finance sector, as he said, is planned at the level of 852 million euros, which is 204 million euros, or 31 percent more than in 2023.
Vuković pointed out that the social care sector is planned for 989 million euros and is the largest sector in the state budget.
According to him, 218 million euros will be allocated for traffic, which is an additional 71 million euros compared to last year.
453 million euros have been allocated for the health sector, which represents an increase of 16 million euros compared to this year. Presumptions have been made for the provision of funds through a credit arrangement for the construction of the reconstruction of some health institutions of an additional 100 million euros and 20 million for equipping health institutions - announced Vuković.
Out of 220 million euros, an additional 11.6 million euros compared to 2023 will be set aside for the defense sector.
Vuković added that 72 million euros will be allocated for agriculture, which is an increase of nine million compared to 2023.
Vuković announced that the Capital Budget is a development component and that it is estimated at 240.6 million euros, which represents an increase of 40 million compared to 2023.
The planned funds are intended for the realization of 329 capital projects. In the Traffic Administration, funds of 155 million euros are planned for the realization of 76 projects, of which 90 million euros are planned for the highway, which should be realized next year - said Vuković.
As he said, financing of 79 new projects is planned.
It is also planned to complete 94 projects in 2024 - Vuković said.
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