Press Release: Fiscal Data as of April 2011

As of April 2011, revenues of the Budget of Montenegro amount to EUR 89,5 million, being below the amount envisaged by the plan by1,7%, whereas compared to the revenues collection in April 2010, revenues are down by 3,1%. The aforementioned revenues decline is indicating that the upward tax debt continues as a result of the economic illiquidity.

The tax revenues collection was generated in the amount of EUR 84,6 million, out of which direct taxes were collected in the amount of EUR 47,26 million, while the collection of the indirect taxes amounted to EUR 37,34 million. The non – tax revenues collection was generated in the amount of EUR 4,9 million...