Montenegro aims to reduce budget deficit - Government approves draft budget. 1.1 billion euros in capital investments in 3 years
The Montenegrin government has approved the draft budget for 2026, targeting a deficit of 278 million euros, corresponding to 3.2% of GDP, lower than the budget gap projected for this year of 3.5% of GDP.
The budget plan is based on a projected economic growth of 3.2% in 2026, slightly lower than the expected expansion of 3.3% for this year, the finance ministry announced. While for 2027 and 2028, economic growth is expected to be 3.1% and 3.2%, respectively.
Medium-term economic expansion will be driven by strong domestic consumption and large investments in the tourism, energy, road infrastructure and telecommunications sectors.
Following the slowdown of inflationary pressures at the European level, Montenegro is expected to maintain a stable annual inflation of 2.5% on average in 2026-2028. The fiscal deficit for 2027 is projected at 2.7% of GDP and for 2028 at 2.8% of GDP, while net public debt for the three-year period is expected to average 59% of GDP.
Capital investments for the next three years are planned at 1.1 billion euros, with the capital budget for 2026 projected at 305 million euros, 25 million euros more than this year.
In a separate statement, the finance ministry said that the total budget revenues for next year are planned at 3.79 billion euros. The capital investment budget for 2026 covers 396 projects, with a total value of 9.7 billion euros. These include the construction of the next section of the Bar-Boljare highway, the Budva bypass, the modernization of health centers and public schools, as well as the development of digital infrastructure.
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