PM Lukšić explains 2012 anti-crisis measures in Parliament

Podgorica, Montenegro (21 December 2011) -- The Eurozone crisis is expected to affect the Montenegrin economy and the 2012 Budget is to be the most significant instrument in handling the situation.The substantional cuts in public expenditures, deficit and issued guarantees are hoped to enable the public debt to enter a descending trend in 2013, Prime Minister Igor Lukšić noted in the Parliament earler today.

The top priority of 2012 economic policy is to increase the credibility of the Montenegrin economy with the aim of establishing long term economic growth, increasing employment and strenghtening fiscal and financial stability, PM Lukšić underlined while answering the MP Nebojša Medojević's question regarding the Government's 2012 anti-crisis measures, within the „PM’s Questions“ institute.

This can be accomplished, he continued, through realising the Budget consistently, regulating banking market and further advancement of business environment thus creating grounds for increasing liquidity of the real sector and projected GDP growth by 2.5 per cent.

The positive insentive to the economy can be given by the positive ''transmitted effect'' from 2011 which is to be continued on a smaller scale and with less intensity in 2012. The issue the Government will be primarily focused on in the coming period, as a means of improving the standard of living, is the employment policy, the Prime Minister concluded.