Budget liquidity at a high level

The six-month state bills in the amount of EUR 39 million have been fully repaid, which confirms that the Ministry of Finance has achieved one of its primary goals, which is the orderly settlement of all obligations with full stability of public finances, the department announced.
As they stated, at the end of November and the beginning of December 2022, the Government of Montenegro issued six-month government bills in the amount of EUR 39 million, which fell due at the end of May and the beginning of June this year, and which were timely and fully paid, with liquidity of the budget at a high level, as well as orderly and complete settlement of all other obligations.
– We note that, with careful planning, the Ministry of Finance, at the beginning of the year, had the intention to refinance the aforementioned government bonds, in the amount of EUR 39 million, for an additional 6 months, however, thanks to the overall good results of the department, as well as the continuous collection of income above the plan, the mentioned notes were repaid in full by the maturity date – the announcement reads.
They also remind that from January 1st to June 9th of this year, the debt principal was repaid, also in accordance with the debt maturity dates from the previous period, in the total amount of EUR 147.94 million (this amount also includes the repayment of government bills in the amount of EUR 39 million) and interest repayment in the amount of EUR 46.12 million. So, almost EUR 200 million in less than half a year.
– In contrast to the negative tendentious predictions about the “collapse and bankruptcy of public finances”, whose scope is a one-time political abuse, responsible, careful and transparent planning and management of public finances has shown that it is possible to settle all existing and ongoing obligations, increase the earnings of a large part of the active of the working population, take care of pensioners and socially vulnerable categories, while at the same time not succumbing to enormous debts, not even those allowed by the budget framework, and all in extremely complex conditions of global uncertainty and changed market flows and shocks – according to the Ministry of Finance.
– So, thanks to rational and predictable management, the public finances of Montenegro are currently completely stable, with all obligations fulfilled down to the last cent, within the stipulated deadlines – they add.

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