Press realese: Montenegro Budget execution in the period January-April 2019 (GDDS table 04)

Budget revenues in the period January-April of the current year amounted to 536,4 mill. €, which is higher by 25,3 mill. € or 5,0% compared to the plan, while compared to the same period of 2018 it increased by 52,1 mill. € or 10,8%.

All the most important categories of tax revenues recorded growth compared to the same period of the previous year, where the collection of VAT was  higher by 24,4 mill.€, contributions by 14,2 mill. € and excise by 1,7 mill.€. The positive deviation of tax revenues is a result of positive macroeconomic movements, collection of tax arrears according to the Law on tax debt reprogramming, conducting of redefined excise policy as well as strengthening fiscal discipline.

Budget expenditures in the period January-April 2019 amounted to 597,5 mill. € or 12,5% of GDP and in relation to the planned they were lower by 94,2 mil. € or 13,6%. In the structure of consumption, current budget expenditures were realized at the level of 540,2 mil. € and was lower by 37,8 mill.€ or 12,2% than planned as a result of a lower realisation of almost all categories of expenses within Current budget expenditures. Besides this, the Capital Budget was realized in the amount 57,4 mil. €, which is lower by 49,6 mil. € or 46,4%  of planned.

Having in mind the comparative period from the previous year, total amount of budget expenditures is higher by 36,9 mil. €, out of which Capital budget amounts 12,8 mil. €.

In the period January-April of the current year, the budget deficit has been realized in the amount of 61,1 mil. € or 1,3% of the GDP, which is 119,5 mil. € less than planned and comparing the comparative period from the previous year was lower by 15,2 mil. €.