- Government of Montenegro
Ministry of Finance Press realese: Montenegro Budget execution in Janu...
Press realese: Montenegro Budget execution in January 2019
Budget
revenues in January of the current year amounted to 107.1 million €,
which is higher by 7.0 million € or 7.0% compared to the plan, while compared
to the same month of 2018 it increased by 25.6 million € or 31.4%.
All the most important categories of tax
revenues recorded growth compared to the same month of the previous year.
Income tax collection is higher by 97.0%, real estate tax 26.6%, value added
tax 21.8%, income tax 21.3% and contributions by 13.2% in relation to the same
month of previous year years. In the same period, non-tax revenues also
recorded growth, with fees increasing by 30.5% and taxes by 2.3%. Also,
donations are nine times more than the same month in 2018.
Budget
expenditures in January amounted to € 139.4 million or 2.9% of GDP and in
relation to the planned they were lower by 28.0 mil. € or 16.7%. Compared to
the same month of the previous year, expenditures were realized in a larger
total amount of 33.3 mil. € of which the Capital Budget amounts to 24.4 mil. €
in the part of the project of building a priority section of the Highway.
In the structure of consumption, current
budget expenditures were realized at the level of 112.8 mil. € and lower by
27.9 mil. € or 19.8% compared to the planned while the Capital Budget was
realized at the level of the plan. The lower realization of current budget
spending is the result of a lower realization of expenditures for materials and
services, as well as capital expenditures of the current budget, since these
categories of costs are, to a large extent, conditioned by the implementation
of tender procedures for public procurement. Accordingly, the mentioned
expenditure category is characterized by a higher level of realization starting
from the second quarter of the year.
In the same month of the current year, the budget deficit amounted to 32.3 million € or 0.7% of GDP, which is 31.3% more than in the same month last year due to bigger realization of the capital budget.
Attachment: GDDS 01_montly data-f.xlsx