Montenegrin parl adopts 2015 budget, sets deficit at 0.84%/GDP

It provided no details in a statement published on its website on Sunday.

The targeted budget gap excludes the costs for the construction of the motorway section Smokovac-Matesevo, the government has said earlier.

The Smokovac-Matesevo section is part of the Bar-Boljare motorway, a project for which the government borrowed 687 million euro from China's Ex-Im Bank and has allocated a further 206 million euro from next year's budget.

Budget revenues in 2015 are seen at 1.33 billion euro ($1.6 billion), or 37.5% of the projected GDP, while expenditures are estimated at 1.56 billion euro, or 44.1% of GDP, the government said in November.

For 2014, Montenegro has planned a budget gap equivalent to 1.99% of GDP.

In the first ten months of 2013 Montenegro’s budget deficit totalled 24.6 million euro, equivalent to 0.7% of the country’s projected GDP, central bank data indicated.

($=0.8211 euro)