September 10 (SeeNews) - Montenegro's finance ministry has said it aims to bring the public debt-to-gross domestic product (GDP) ratio in line with the Maastricht criteria in 2021.
The public debt of Montenegro is expected to decline to below 60% of GDP in 2021, the finance ministry said in a statement on Friday.
Last week, the finance ministry said Montenegro's central government debt increased to 3.105 billion euro ($3.615 billion) in June from 2.665 billion euro at the end of March.
The Montenegrin government placed in April a 500 million euro seven-year Eurobond issue with an interest rate of 3.375%, in order to refinance debt maturing in 2019, 2020 and 2021.
Montenegro's revised 2018 budget deficit amounts to 139.14 million euro, equivalent to 3.16% of the planned gross domestic product.
($ = 0.867422 euro)