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Government drafts 2012 budget with no sharp cuts, ...
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Government drafts 2012 budget with no sharp cuts, proposes judiciary reform
Published on: Nov 11, 2011 • 4:15 PM Author: Bureau
Podgorica, Montenegro (11 November 2011) – The Government of Montenegro adopted at the yesterday’s Cabinet meeting the draft Budget for 2012 which, although conservative, does not introduce sharp cuts and ensures proper functioning of the Government agencies. It has been drafted bearing in mind the economic and fiscal crisis and the recommendations from international partners such as the World Bank.
The draft Budget for 2012 envisages the public spending worth EUR 1,252 billion, only about a million less than the 2011 Budget and about 26 million less than the expected public spending in 2011. The draft Budget is based on the conservative estimate of a 2 percent real growth and would provide financial stability and unhampered functioning of all state institutions, said Finance Minister Milorad Katnić at the press release following the Cabinet meeting.
He went on by stressing that: “Montenegro is one of the rare countries in Europe that meets the Maastricht criteria, which sends a message to political and more importantly business circles that we have a sound fiscal policy,” and added that in times of economic downturn a tighter budget is a precondition for growth.
The draft Budget is aimed at reducing the state expenditure to below 40% of the GDP, decreasing the budget deficit to 1.25 percent, and the public debt to 46.8% of the GDP.
The Government also proposed further reform of the judiciary by preparing a Bill on Bailiffs. The institute of bailiffs is intended as a more radical and efficient reform of the judicial enforcement system, which would relieve the courts of enforcing some of the decisions. The new approach would ensure swifter enforcement of court orders, lesser burdening of the courts, more professional and efficient enforcement and, ultimately, full respect for the right to be tried within reasonable time, as one of the most important rights protected by the European Convention for the Protection of Human Rights and Fundamental Freedoms.
The draft Budget for 2012 envisages the public spending worth EUR 1,252 billion, only about a million less than the 2011 Budget and about 26 million less than the expected public spending in 2011. The draft Budget is based on the conservative estimate of a 2 percent real growth and would provide financial stability and unhampered functioning of all state institutions, said Finance Minister Milorad Katnić at the press release following the Cabinet meeting.
He went on by stressing that: “Montenegro is one of the rare countries in Europe that meets the Maastricht criteria, which sends a message to political and more importantly business circles that we have a sound fiscal policy,” and added that in times of economic downturn a tighter budget is a precondition for growth.
The draft Budget is aimed at reducing the state expenditure to below 40% of the GDP, decreasing the budget deficit to 1.25 percent, and the public debt to 46.8% of the GDP.
The Government also proposed further reform of the judiciary by preparing a Bill on Bailiffs. The institute of bailiffs is intended as a more radical and efficient reform of the judicial enforcement system, which would relieve the courts of enforcing some of the decisions. The new approach would ensure swifter enforcement of court orders, lesser burdening of the courts, more professional and efficient enforcement and, ultimately, full respect for the right to be tried within reasonable time, as one of the most important rights protected by the European Convention for the Protection of Human Rights and Fundamental Freedoms.
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