Montenegro, debt will reach 5.88 billion euros - It will expand by 1.2 billion euros in one year
At the end of the third quarter, Montenegro's national debt reached 4.705 billion euros, or 59.4 percent of GDP, while at the end of next year it is expected to reach 5.88 billion euros, which represents an increase of 1.2 billion euros in just over a year.
Taking into account the deposits of the Ministry of Finance, the net national debt on September 30 was 4.121 billion euros, or 52.1 percent of GDP. The deposits of the Ministry of Finance amounted to 583.5 million euros, including 38,447 ounces of gold, the value of which at the end of the third quarter was 125.5 million euros.
According to the budget proposal for next year, the missing funds amount to about 700 million euros. The government plans to borrow 500 million to cover this gap. Furthermore, the budget leaves the possibility of additional borrowings of up to one billion euros to create a fiscal reserve, which will be used to repay the debt in 2027.
According to the data, next year the state will use the opportunity to borrow over 500 million euros, which will lead to an increase in financial liabilities to 5.88 billion euros. The national debt at the end of this year is expected to be 5.16 billion euros. At the end of 2027, the figure is expected to decrease to 5.72 billion euros, while at the end of 2028, it will reach 5.928 billion euros.
The level of borrowing in the coming period will be mainly influenced by the amount of missing funds, determined in the 2025-2028 fiscal framework, which indicates that the state will borrow only for the needs of debt repayment and financing the capital budget.
In the structure of debts to be repaid in the coming years, the largest share is occupied by obligations based on foreign and domestic bonds, repayments of loans from the Chinese Exim Bank for the construction of the first section of the Bar-Boljara highway, trade agreements supported by World Bank guarantees, and a loan from Deutsche Bank.
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