PM Marković with IMF delegation: IMF encourages Montenegro to continue implementing fiscal consolidation measures and introduce new ones

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    Podgorica, Montenegro (1 June 2017) – The Government of Montenegro has achieved good and encouraging results when it comes to implementing fiscal consolidation measures since December last year, PM Marković stressed at the meeting with the Head of IMF Mission for Montenegro Martin Petri. However, there is a need for introducing new measures which will be defined by the Government’s mid – term fiscal strategy in order to achieve long-term sustainability of the public finances, PM Marković added… PM Marković with IMF delegation: IMF encourages Montenegro to continue implementing fiscal consolidation measures and introduce new ones

    Podgorica, Montenegro (1 June 2017) – The Government of Montenegro has achieved good and encouraging results when it comes to implementing fiscal consolidation measures since December last year, PM Marković stressed at the meeting with the Head of IMF Mission for Montenegro Martin Petri. However, there is a need for introducing new measures which will be defined by the Government’s mid – term fiscal strategy in order to achieve long-term sustainability of the public finances, PM Marković added.

    Due to the Government’s active policy, the average number of employees has increased for more than 7 000 in the first three month of the following year, PM Marković explained, adding that the budget income is higher for 7,7% comparing to the first five months in 2016.

    What is particularly encouraging is the fact that there is no deadlock in the investment activities, but only the higher interest of the foreign investors, PM Marković underlined. Fiscal consolidation measures should not be an obstacle to growth and development, PM Marković stressed, adding that Montenegro’s membership in NATO will raise the trust of the foreign investors in our system and legal certainty in the country.

    Commending the overall progress of the country, Mr Petri said that the IMF is encouraging Montenegro to continue consolidating its public finances and meeting the agenda which includes broad structural reforms in various areas.

    The meeting also discussed the Government’s mid – term Fiscal strategy which is aimed at contributing to the faster recovery of the public finances, as well as to the better rating of the country in the international financial market.

    Source: Government of Montenegro