PODGORICA (Montenegro), October 10 (SeeNews) – Montenegro on Wednesday reported a 123.7 million euro ($175.1 million) government budget surplus for the first nine months of 2007.
Comparative figures for the same period last year were unavailable.
The tiny Adriatic country had a budget surplus of 12.686 million euro in September alone after recording a surplus of 40.187 million euro in August, Montenegro's Finance Ministry said in a statement. September figures are preliminary and August figures have been revised.
Montenegro's nine-month government budget revenue and spending were as follows (in millions of euro):
|
|
September |
August |
Jan-September |
| Total revenue |
67.596 |
92.914 |
572.527 |
| - Tax revenue |
65.971 |
77.313 |
538.828 |
| - Non-tax revenue |
1.625 |
15.601 |
33.699 |
| Total spending |
54.910 |
52.727 |
448.784 |
| - Salaries |
15.553 |
14.266 |
131.019 |
| - State aid |
0.827 |
0.091 |
5.230 |
| - Debt repayment |
3.933 |
6.228 |
58.268 |
| Balance |
+12.686 |
+40.187 |
+123.743 |
The government of the country of 620,000 people has previously forecast a budget surplus of 10.73 million euro fot the current year, equivalent to 0.54% of the projected gross domestic product.
Last year Montenegro broke its loose state union with Serbia and restored its independence. The state union of Serbia and Montenegro had replaced rump Yugoslavia in 2001.
($ = 0.7063 euro)