Podgorica, (MINA-BUSINESS) – According to the Ministry of Finance, the proposed budget for next year creates the conditions for the smooth functioning of the system, a strong acceleration of the investment cycle, and continued economic growth, confirming the Government’s commitment to responsible public finance management and Montenegro’s progress on the European path.

The Ministry stated in a press release that the Budget Bill for next year and the Borrowing Decision confirm a strong focus on economic growth, fiscal stability, and the implementation of ambitious development projects that will accelerate Montenegro’s path toward full-fledged EU membership.

The budget is planned at €3.79 billion, with a stable increase in source revenues estimated at €3.08 billion, or 36 percent of GDP.

“The capital budget for next year amounts to €305 million, which is €25 million more than last year, and includes 396 projects with a total value of €9.7 billion euros. These include key investments in road infrastructure, continued construction of the highway, the Budva bypass, modernization of healthcare and educational institutions, development of digital infrastructure, and major environmental projects,” the press release stated.

The press release states that these investments directly strengthen economic potential and improve the quality of life for citizens.

The budget maintains a stable deficit level of 3.2 percent of GDP while achieving a current expenditure surplus of €72.9 million, or 0.9 percent of GDP, thereby fulfilling the golden fiscal rule – all current liabilities are financed from current revenues.