Montenegro Press Review – March 17, 2015

Press Review
27 Mar 15

Montenegro Press Review – March 17, 2015

Montenegrin public debt higher than 2 billion euros. Lekic continues as an independent MP in the parliament. Taxes increase unacceptable, we have to reduce existing ones, PM Djukanovic said.

According to official government data, the public debt of Montenegro amounted to 2.02 billion euros at the end of last year, or 59.6 per cent of GDP. However, with new this year’s liabilities ,public debt is currently around 65 per cent of GDP.

After he left the strongest opposition alliance and formed his own party, Miodrag Lekic will not be able to form a caucus because the rules of procedure does not allow it. It is certain that Lekic and other deputies who supported his new party Demos, will join an earlier formed club of independent deputies.

Within the Cabinet’s debate on the tax policy, the prime minister Milo Djukanovic stressed the need for the government to resist pressure to increase taxes, saying that any tax increase is unacceptable. He added that “he is explicit” that no initiative to increase taxes can be accepted. “But on the contrary, Montnenegro has to reduce taxes, especially the ones we have introduced as “crisis taxes ” in order not to melt Montenegro’s advantage for foreign investment”, PM said.

Source: Balkan Insight (Montenegro)