Montenegro Press Review – November 11, 2014

Press Review
11 Nov 14

Montenegro Press Review – November 11, 2014

The Government of Montenegro adopts 2015 Budget Bill. The ruling parties to sign the annex of the coalition agreement. The growing insolvency is a key issue of the Montenegrin economy, the Central Bank says.

The Government of Montenegro has approved on Monday the 2015 Budget Bill amounted aat 1.32 billion euro. Finance Minister Radoje Zugic told the press that the budget deficit is planned to be at the level of 235.7 million euro, including the expenditures for the construction of the highway’s priority part. “It will be necessary to make loan arrangements worth 633 million, of which 398.1 million will be used for debt repayments, 206 million for the highway’s expenditures and 29.7 million for covering the budget deficit,” the minister Zugic explained.

The governing Democratic Party of Socialists, DPS, and the Social Democratic Party, SDP, will sign an annex to the coalition agreement by the end of this week, the political director of the DPS Tarzan Milosevic said. He added that the parties’ leadership did not discuss the government reshuffle but after the signing of the agreement new education and culture minisers will be appointed.

The growing illiquidity of real sector remains a key vulnerability of the Montenegrin economy, with negative implications on the situation in the banking sector, the Central Bank of Montenegro has warned.

Source: Balkan Insight (Montenegro)