A realized surplus of ten million

Author: M.J.

In the last year, he was given the realization of revenues and expenditures, a bank surplus of ten million euros, or 0.2 percent of the estimated gross domestic product (GDP), showed the latest data from the Ministry of Finance.

The Ministry announced that in December, the budget deficit amounted to EUR 146.4 million or 2.4 percent of GDP.

The Ministry published a budget execution for the period January - December last year, stating that preliminary budget revenues for the said period was 2.56 billion euros or 41.5 percent of the Evala GDP and are higher 417.9 million or 19.5 percent in relation to the planned, while compared to 2022. higher 569.9 million or 28.6 percent.

The Ministertva explained that the data would be final after the adoption of the Law on the Final Budget of the Budget of Montenegro for last year.

"The most significant positive deviations were recorded in income on the value added tax, income on the income tax, contributions for compulsory social insurance, other revenues and donations and transfers," said in the announcement.

VAT revenues at the level of the year were charged in the amount of EUR 1.06 billion, which is 100.3 million or 10.5 percent more than the planned and 151.2 million or 16.7 percent more than 2022 .

"Powerful revenue growth on this basis is the result of several factors, the most important results of the summer tourist season, improved tax discipline, as well as the significant increase in households, which is most determined by the growth of this revenue category", explained from the Ministry .

Excise revenues were collected in the amount of HOUR 323.1 million, as compared to the plan of more 51.7 million or 19 percent, ie 77.2 million or 31.4 percent compared to the comparative period.

In the observed period, revenues based on corporate income taxes amounted to EUR 151.3 million and are higher than the planned 29.6 million or 24.4 percent, as compared to the comparative period, EUR 61.1 million or 67.8 percent.

"The introduction of progressive rates on profit, the growth of economic activity and the achieved results of economic entities in the previous year, as well as improving the tax discipline, decided to grow this category of income," said from the Ministry.

Revenues based on contributions in the last year were charged in the amount of 575.7 million, which is 101 million or 21.3 percent more than planned, ie 112.9 million or 24.4 percent more than 2022.

"This positive deviation is primarily the result of the work market due to the decrease in the tax burden on the public sector, increasing the basis of tax collection, higher tax disciplines, as well as the effects of the implementation of the Law on Resprogram of the Tax Respoject Receivables, "they added from the Ministry.

Other revenues in the observed period amounted to EUR 181.8 million, which is 81.6 million more than planned, while compared to the comparative period were higher 152.2 million.

"The significant growth of this revenue category is the dominant result of the 2021 hedging arrangement, as well as the transfer of funds collected within the implementation of the Economic Citizenship project, in the total amount of 68.2 million. In addition to the above, a payment was made in the amount of EUR 11.6 million on the basis of paid dividends from the acquired acquisition of the state-owned enterprises, "they stated from the Ministry.

Significant growth was also recorded in the category of donations and transfers, which were achieved in the amount of EUR 71.3 million.

In December, revenues amounted to EUR 253.8 million and are higher than 27.2 million or 12 percent, ie 35.4 million or 16.2 percent compared to December 2022.

The budget expenditure amounted to EUR 2.56 billion last year, or 41.4 percent of the estimated GDP and in relation to the planned are 41.6 million or 1.7 percent, while compared to 2022 greater 309.6 Million or 13.8 percent.

In the structure of total spending in the observed period, the current budget was performed at the level of 93 percent of total consumption, while the capital budget was performed at the level of seven percent of total consumption.

Observing the main categories of consumption within the current budget, current expenditures were implemented in the specified period of EUR 1.06 billion and in relation to the planned are 27.7 million or 2.7 percent.

Within this category of expenditure, the most significant allocations are in gross earnings and contributions to the employer, in the amount of EUR 643, which is more than 15.7 million or 2.7 percent and which are implemented in accordance with applicable legal regulations , signed collective agreements and actual calculation of salaries.

The capital budget was achieved in the amount of EUR 189 million last year, which represents 93 percent of the implementation of the plan.

The budget expenditure in December amounted to EUR 400m and are higher compared to the plan of 163.2 million or 68.9 percent, while compared to December 2022, 30.8 million or 8.3 percent are higher.

The maximum deviation refers to the capital budget that was realized in the amount of EUR 60 million, which represents 45 million more than the plan.