Montenegro’s parl adopts 2024 budget with 3.1% deficit

The budget plan was endorsed in a 46-18 vote in the 81-seat assembly, according to a video of the session published on the parliament's website last week.

The budget targets revenues of 2.717 billion euro ($2.978 billion), a 12.2% increase compared with the projected 2023 level. Expenditure is forecast at 2.952 billion euro, up 11.9% from 2023.

Montenegro’s economy is expected to expand by 3.8% in 2024.

In 2022, the country's budget was in deficit of 275 million euro, equivalent to 5.1% of GDP.

$ = 0.9127 euro