- Government of Montenegro
Ministry of Finance Statement of the Deputy Prime Minister and Financ...
Please note: The page below represents the archived content relating to the previous Government of Montenegro. Some of the information might be inaccurate or outdated.
Archive
Statement of the Deputy Prime Minister and Finance Minister, Mr. Igor Lukšić, PhD., at the press conference "Road Market Show"
Published on: May 25, 2010 • 10:50 PM Author: Ivona Mihajlović - administrator
In our circumstances, the Greek crisis is not of special concern to us. We must continue to work on productivity of our economy, and it’s restructuring into the foundation system. Small economies, such as Montenegro are easily adjustable. The crisis which we are experiencing is suggesting that in the future it is necessary to promote certain values being the cornerstone of market economy. The entrepreneurship promotion is crucial, because otherwise we can expect economic stagnation, which will not lead us in reaching desired European standard. It is important that in the future, in relation to the public finance, we maintain stability, that the stock of the public debt is below 35 percent of the gross domestic product, as it was forecasted up to 2013, to additionally reduce the current public expenditure to 32 per cent of GDP, being simultaneously focused on structural reforms, promoting a business environment, implementing reforms in the health, pension and education system. In this way, by mixing private and public sector, we can improve the provision of services, at the same time retaining public consumption in real terms. Our responsibility is, in a society reaching the transitional climax, subsequently aiming at reaching the European living standard, by promoting free market to ensure the sustainability of the local economy in the long run.
Related articles:
Is this page useful?